Alstone Textiles allocates ₹300 crore 2% Non-Convertible Preference Shares
Alstone Textiles (India) · Retailing
Key highlights
- Allotment of 300 crore NCPS at ₹1 each approved on 4 Nov 2026 by Board of Directors
- Shares issued by converting existing unsecured loan of ₹300 crore into NCPS
- NCPS have 10-year tenure, 2% non-cumulative dividend, allotted to Golkonda Aluminium Extrusions Ltd
Why it's rated major development: the amount is 299% of market value (50% or more)
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, 4Th November, 2026 Under Regulation 30 Of SEBI (LODR) - Allotment Of Rs. 300 Crore 2% NCPS Out Of Rs. 500 Crore Authorized Preference Capital
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More from Alstone Textiles (India)
- Fundraise / allotmentNotableAlstone Textiles to consider allotment of ₹300 crore 2% NCPS on Nov 4, 2026
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.