Alstone Textiles: Regulation 32 Compliance Not Applicable for Q2 FY27

Alstone Textiles (India) Ltd has clarified its compliance status regarding Regulation 32 of SEBI (LODR) Regulations, 2015, for the quarter and half-year ended September 30, 2026. The company stated that since no shares have been issued via public, rights, or preferential issues, the regulation requiring the submission of statements on deviation and variation in the use of proceeds is not applicable. This clarification nullifies a previous communication filed on October 7, 2026. The company had previously received shareholder approval for Unlisted 2% Non-Convertible Preference shares amounting to ₹500 Crore in an AGM on September 24, 2026, but the issuance process has not yet commenced, meaning no proceeds are available. Alstone Textiles will make the necessary filings once the issuance process begins.