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Alstone Textiles (India) Ltd (539277)

📊 BSE: 539277 🏢 Distributors 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 13 Nov 2025

Q2 FY27 results

Alstone Textiles (India) Ltd reported Q2 FY27 results on 15 Oct 2026: revenue ₹785 Cr, and net profit ₹-107 Cr (against a profit a year earlier); the operating margin was -10.0%.

Q2 FY27 (₹ Cr)	Value	YoY vs Q2 FY26	QoQ
Revenue	₹785	—	—
Operating profit	₹-78.5	loss widened	loss widened
Net profit	₹-107	to loss	to loss
EPS (₹)	-0.17	—	—
Operating margin	-10.0%	—	—

Into loss: a profit a year ago
Profit -999% below its own trend
FY26 operating cash flow was only 0% of profit

Against its own trend: net profit of ₹-107 Cr was -999.0% against the ₹3.0 Cr its recent growth pointed to (below trend). This is a statistical baseline, not an analyst estimate.

Full quarterly financials → Margins & quality of profit → All Q2 FY27 results → Results calendar →

📢 Recent Corporate Announcements

Alstone Textiles Confirms No Proceeds Raised Yet from Approved ₹500 Cr Preference Shares

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 07 Oct 2026, 08:42 PM

Alstone Textiles (India) Limited submitted an undertaking declaring the non-applicability of SEBI Regulation 32 (deviation/variation in proceeds) for the quarter and half-year ended September 30, 2026. The company recalled an earlier filing from the same day, clarifying that while shareholders approved ₹500 crore of unlisted 2% non-convertible preference shares at the AGM on September 24, 2026, the issuance process has not yet begun. Consequently, no proceeds have been received or deployed as of the period end.

Shareholders approved ₹5,00,00,00,000 (₹500 crore) unlisted 2% Non-Convertible Preference shares on 24/09/2026
Issuance process has not started yet and zero proceeds have been raised as of September 30, 2026
Company nullified and recalled its earlier statement of deviation/variation filed on 07/10/2026
Regulation 32 compliance declared non-applicable for the quarter and half-year ended September 30, 2026

💡 Track subsequent exchange filings for the actual initiation and allotment of the ₹500 crore preference share issuance.

Alstone Textiles Reports Nil Deviation in Utilization of ₹500 Cr Preference Share Proceeds

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 07 Oct 2026, 04:41 PM

Alstone Textiles (India) Limited submitted its Statement of Deviation & Variation under Regulation 32 for the quarter and half year ended September 30, 2026. The company had issued 5,00,00,00,000 Non-Convertible Preference shares totaling ₹500 crore. The Board and Audit Committee confirmed that there has been no deviation or variation in the utilization of these proceeds from the stated objects.

Issued 5,00,00,00,000 Non-Convertible Preference shares
Total funds raised through preference shares amount to ₹500 crore
Nil deviation or variation reported for the quarter and half year ended September 30, 2026

💡 Track subsequent quarterly financial statements to verify the actual deployment and balance sheet impact of the ₹500 crore preference share capital.

Alstone Textiles Submits Q2 FY27 Results; Auditor Notes Unprovided Loan Interest

🔴 NEGATIVE ⭐ 5/10

EARNINGS 📅 07 Oct 2026, 04:33 PM

Alstone Textiles (India) Limited submitted its standalone unaudited financial results for the quarter and half-year ended September 30, 2026. The board approved the filings in a meeting held on October 7, 2026, lasting 30 minutes from 01:10 PM to 01:40 PM. Notably, the statutory auditor's limited review report highlighted an exception stating that interest on loans given and taken was not provided, along with non-compliance with applicable Ind AS standards. Detailed numerical P&L figures for the quarter were not included in the provided filing excerpt.

Auditor noted financial results have not been prepared in accordance with applicable Ind AS prescribed under Section 133
Auditor raised an exception that interest on loans given and taken is not provided
Board meeting commenced at 01:10 PM and concluded at 01:40 PM on October 7, 2026
Company carries high leverage with debt of Rs 1422 Cr against net worth of Rs 659 Cr and 0.0% promoter holding

💡 Track subsequent detailed financial releases to evaluate the quantum of unprovided loan interest and its impact on the reported balance sheet.

Alstone Textiles Approves Q2 FY27 Results; Auditor Notes Unprovided Loan Interest

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 07 Oct 2026, 01:59 PM

Alstone Textiles (India) Limited held a board meeting on October 7, 2026, approving the un-audited standalone financial results for the quarter and half-year ended September 30, 2026. The statutory auditor issued a limited review report stating the results were not prepared strictly in accordance with Ind AS and qualified that interest on loans given and taken was not provided. Additionally, the company reported no deviation under Regulation 32 regarding the utilization of proceeds from 5,00,00,00,000 non-convertible preference shares worth Rs 500 crore.

Board approved un-audited standalone financial results for the quarter and half-year ended September 30, 2026
Statutory auditor reported that 'Interest on loan given and taken is not provided' and flagged non-compliance with Ind AS
Confirmed zero deviation in the utilization of Rs 500 crore proceeds raised from 5,00,00,00,000 Non-Convertible Preference shares
Board meeting commenced at 01:00 P.M. and concluded at 01:40 P.M. on October 7, 2026

💡 Track the full quarterly financial tables once uploaded to evaluate revenue and net profit figures, and monitor subsequent auditor notes regarding non-provision of loan interest.

Alstone Textiles Submits FY26 Annual Report; Proposes Reclassifying ₹500 Cr Capital for NCPS Issue

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 08:42 PM

Alstone Textiles (India) Ltd has submitted its 41st Annual Report for FY 2025-26 and scheduled its AGM for September 24, 2026. Key special business items in the notice include reclassifying its ₹10,000 crore authorized capital into ₹9,500 crore equity and ₹500 crore 2% Non-Convertible Preference Shares (NCPS), alongside plans for a preferential issuance of these preference shares. The secretarial audit report highlighted non-compliance regarding mandatory CSR spending under Section 135 for FY 2024-25. The company maintains a 0.0% promoter shareholding base with elevated debt.

41st Annual General Meeting scheduled for September 24, 2026 via Video Conferencing.
Proposed reclassification of ₹500 crore authorized equity share capital into 5,00,00,00,000 2% Non-Convertible Preference Shares of ₹1 each.
Total authorized capital remains unchanged at ₹10,000 crore (₹9,500 crore equity + ₹500 crore preference).
Secretarial auditor noted non-compliance with statutory CSR expenditure requirements under Section 135 of the Companies Act.

💡 Track the AGM voting results on September 24, 2026, especially regarding the reclassification and proposed issuance of preference shares.

Alstone Textiles Seeks Shareholder Nod to Issue ₹500 Cr Non-Convertible Preference Shares

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 31 Aug 2026, 08:35 PM

Alstone Textiles (India) Ltd has issued a notice for its 41st Annual General Meeting scheduled on September 24, 2026. Key special resolutions include reclassifying its ₹10,000 crore authorized share capital to create ₹500 crore of 2% Non-Convertible Preference Share (NCPS) capital. The company also proposes to issue and allot up to 500 crore unlisted 2% NCPS of ₹1 each (aggregating ₹500 crore) on a preferential basis to Golkonda Aluminium Extrusions Limited, redeemable within up to 20 years. Proceeds are intended to augment long-term financial resources for business operations.

AGM scheduled for September 24, 2026, via Video Conferencing / OAVM.
Proposed issuance of up to 5,00,00,00,000 unlisted 2% NCPS of ₹1 each (₹500 crore) on a preferential basis to Golkonda Aluminium Extrusions Limited.
Authorized share capital of ₹10,000 crore to be reclassified into ₹9,500 crore equity share capital and ₹500 crore preference share capital.
NCPS to carry a 2% per annum non-cumulative dividend with a redemption tenure not exceeding 20 years.
Appointment of M/s Parul Aggarwal & Associates as Secretarial Auditor for a 4-year term (FY 2026-27 to 2029-30).

💡 Track the voting outcome of the 41st AGM on September 24, 2026, and monitor subsequent execution and actual cash inflow of the ₹500 crore preferential allotment.

Alstone Textiles Recommends Appointment of Parul Agrawal & Associates as Secretarial Auditor

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 07:51 PM

Alstone Textiles (India) Limited informed exchanges that its Board of Directors met on August 31, 2026, and recommended the ratification of the appointment of M/s Parul Agrawal & Associates as Secretarial Auditor. The appointment is subject to shareholder approval at the company's ensuing Annual General Meeting. Parul Agrawal & Associates is a Delhi-based peer-reviewed firm of Practicing Company Secretaries (Peer Review No. 3397/2023).

Board meeting held on August 31, 2026, from 05:10 PM to 05:50 PM
Appointment of M/s Parul Agrawal & Associates as Secretarial Auditor recommended
Appointee holds Peer Review Certificate No. 3397/2023
Appointment effective August 31, 2026, subject to shareholder ratification at the ensuing AGM

💡 Track voting outcomes on auditor ratification in the upcoming Annual General Meeting and standard corporate governance filings.

Alstone Textiles Approves AGM Date and Proposal to Issue 2% Unlisted NCPS on Preferential Basis

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 31 Aug 2026, 07:45 PM

Alstone Textiles (India) Ltd's Board has scheduled its 41st Annual General Meeting (AGM) for September 24, 2026, with the e-voting cut-off date fixed as September 17, 2026. The Board approved the proposal to re-classify authorized share capital and issue Unlisted 2% Non-Convertible Preference Shares (NCPS) on a preferential basis, subject to shareholder approval. Additionally, the Board recommended the re-appointment of retiring director Mr. Ramesh Kumar and ratified the appointment of M/s Parul Agrawal & Associates as Secretarial Auditor.

41st Annual General Meeting scheduled for September 24, 2026 via VC/OAVM
Cut-off date for AGM e-voting eligibility set for September 17, 2026
Board approved proposal for issuance of Unlisted 2% Non-Convertible Preference Shares on preferential basis
Approved re-classification of authorized share capital subject to member approval
M/s Parul Agrawal & Associates appointed as Scrutinizer and Secretarial Auditor

💡 Track the detailed AGM notice and explanatory statement for the quantum, terms, and intended allottees of the 2% Non-Convertible Preference Shares.

Alstone Textiles Shifts Corporate Office to Registered Office Address w.e.f. Aug 27, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 27 Aug 2026, 05:40 PM

Alstone Textiles (India) Limited has informed stock exchanges that its Board of Directors approved shifting the company's corporate office on August 27, 2026. The corporate office has moved from Rajendra Place Metro Station to its registered office address at R-815 New Rajinder Nagar, New Delhi-110060. The change is effective immediately from August 27, 2026, and is purely an administrative alignment of corporate operations.

Corporate office shifted to registered address at R-815 New Rajinder Nagar, New Delhi-110060
Effective date of office relocation is August 27, 2026
Previous corporate office address was 47/18, Basement Rajendra Place Metro Station, New Delhi-110060
Board approval for the relocation granted on August 27, 2026

💡 Track core operational turnaround and upcoming quarterly financial results, as this address change has no impact on business operations or financial performance.

Alstone Textiles Consolidates Corporate Office to Registered Office Address

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 27 Aug 2026, 05:23 PM

Alstone Textiles (India) Ltd has informed stock exchanges of the shifting of its corporate office effective August 27, 2026. The corporate office has been relocated from Rajendra Place Metro Station to its existing registered office address at R-815 New Rajinder Nagar, New Delhi. This is an administrative consolidation of operations and exchange records, with no financial or operational impact.

Corporate office shifted effective August 27, 2026
Relocated from 47/18, Basement Rajendra Place Metro Station, New Delhi-110060
New corporate address consolidated with registered office at R-815 New Rajinder Nagar, New Delhi-110060
Board approved the relocation at its meeting held on August 27, 2026

💡 Track upcoming quarterly financial performance and core business updates; this is a purely administrative filing with no required investor action.

Alstone Textiles Consolidates Corporate Office at Existing Registered Office in New Delhi

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 05:18 PM

Alstone Textiles (India) Limited has announced the relocation of its corporate office to its existing registered office premises at R-815 New Rajinder Nagar, North East Delhi. The company will now maintain its books of accounts at this consolidated location, moving out of its previous corporate office at Rajendra Place Metro Station. The board meeting approving this administrative change was held on August 27, 2026, commencing at 4:00 PM and concluding at 4:30 PM. Managing Director Deepak Kumar Bhojak has been authorized to execute all necessary lease agreements and operational documentation.

Board approved shifting corporate office to existing registered office on August 27, 2026
Meeting commenced at 4:00 PM and concluded at 4:30 PM
Books of accounts to be centralized at R-815 New Rajinder Nagar, New Delhi-110060
Managing Director Deepak Kumar Bhojak authorized to execute necessary agreements

💡 Track subsequent statutory filings for confirmation of updated regulatory addresses; no direct operational or financial impact expected from this administrative relocation.

Alstone Textiles Board to Meet Aug 31 to Consider Issuing 500 Cr 2% Preference Shares

🔵 WATCH ⭐ 4/10

BOARD_MEETING 📅 26 Aug 2026, 02:01 PM

Alstone Textiles (India) Ltd has scheduled a Board of Directors meeting on August 31, 2026, to consider and approve a major capital restructuring and fundraising proposal. The board will evaluate the issuance of 5,00,00,00,000 unlisted 2% Non-Convertible Preference Shares (NCPS) on a preferential basis. The agenda also includes reclassifying authorized share capital to create preference share capital and altering the Capital Clause of the Memorandum of Association, subject to shareholder approval at the ensuing AGM.

Board meeting scheduled on August 31, 2026, to consider preference share issuance.
Proposed issuance of 5,00,00,00,000 unlisted 2% Non-Convertible Preference Shares (NCPS) on a preferential basis.
Proposed reclassification of Authorized Share Capital to create Preference Share Capital.
Alteration in the Capital Clause of the Memorandum of Association subject to AGM and regulatory approvals.

💡 Track the outcome of the August 31, 2026 board meeting for details regarding the issue price, total capital amount, allottees, and end-use of proceeds.

Alstone Textiles reports zero fundraise deviation for quarter ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 06:40 PM

Alstone Textiles (India) Ltd has submitted a statement of non-applicability regarding Regulation 32 of SEBI (LODR) Regulations for the quarter ended June 30, 2026. The company confirmed it did not raise any funds through public, rights, or preferential issues during this period. As no funds were raised, there are no deviations or variations in the use of proceeds to report. This is a standard procedural filing for listed entities.

Zero funds raised through public, rights, or preferential issues during the quarter ended June 30, 2026
Company reports TTM revenue of Rs 0 Cr against a significant debt of Rs 1422 Cr
Promoter holding remains at 0.0% as per the latest available financial context
Filing confirms compliance with Regulation 32 of SEBI (LODR) Regulations, 2015

💡 Investors should focus on the company's operational viability and revenue generation, as TTM revenue is currently Rs 0 Cr despite a high debt-to-equity ratio.

Alstone Textiles Q1 FY27 Results: Auditor Flags IND AS Non-Compliance and Missing Interest Costs

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 06:29 PM

Alstone Textiles (India) Ltd submitted its un-audited standalone results for the quarter ended June 30, 2026. The statutory auditor, VRSK & Associates, issued a modified review report stating the results were not prepared in accordance with IND AS standards. Most critically, the company failed to provide for interest on loans given and taken, which is a major omission given the company's reported debt of ‹1,422 crore. With zero revenue in recent quarters and 0% promoter holding, these accounting lapses further weaken the financial profile.

Auditor flagged that financial results were not prepared in accordance with IND AS prescribed under Section 133 of the Companies Act.
Interest on loans given and taken has not been provided for in the current quarter's financial statements.
The company maintains a high debt level of ‹1,422 crore against a net worth of ‹659 crore (D/E ratio of 2.16).
Promoter holding remains at 0.0%, indicating a complete lack of skin-in-the-game from the original founders.
The board meeting for approval commenced at 04:30 P.M. and concluded at 05:00 P.M. on August 13, 2026.

💡 Investors should exercise extreme caution as the auditor has explicitly noted non-compliance with accounting standards and missing interest provisions. Watch for any future restatement of accounts or regulatory queries regarding the ‹1,422 crore debt and zero-revenue operations.

Alstone Textiles Q1 FY27 Results: Auditor Flags Non-Provision of Interest and Ind AS Non-Compliance

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 06:23 PM

Alstone Textiles (India) Ltd approved its un-audited financial results for the quarter ended June 30, 2026. The statutory auditor, VRSK & Associates, issued a Limited Review Report with a significant 'Emphasis of Matter' stating that interest on loans given and taken has not been provided for. Additionally, the auditor noted that the results were not prepared in accordance with Ind AS (Indian Accounting Standards). This is critical given the company's reported debt of ₹1,422 Cr against zero TTM revenue.

Auditor flagged that interest on loans (Company has ₹1,422 Cr debt) was not provided in the Q1 FY27 results
Statutory auditor stated results were not prepared in accordance with Ind AS prescribed under Section 133 of the Companies Act
Board meeting concluded within 30 minutes (04:30 P.M. to 05:00 P.M.) on August 13, 2026
Company confirmed zero deviation in fund usage as no public or rights issues were conducted during the quarter
Promoter holding remains at 0.0% as per latest available financial context

💡 Investors should scrutinize the full financial notes to understand the quantum of unprovided interest, which could significantly impact the reported PAT of ₹2.88 Cr (FY26). The lack of Ind AS compliance is a major governance red flag.

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💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents, but the company is diversifying from textile trading into third-party product distributions and originating unsecured personal loans and corporate loans.

Geographic Revenue Split

Not disclosed in available documents, though the company caters to global needs and Indian customers.

Profitability Margins

The company reported a Net Profit after Tax of Rs. 310.61 Lakh for the financial year. Specific margin percentages (Gross/Operating/Net) are not disclosed.

⚙️ Operational Drivers

Raw Materials

Cotton, Woolen, Art Silk, Natural Silk, Synthetics Fiber, and Fabric. Specific cost percentages for each are not disclosed.

Capacity Expansion

Not disclosed in available documents; the company primarily focuses on the business of trading in the textile industry rather than manufacturing.

Manufacturing Efficiency

Not disclosed in available documents as the company focuses on trading.

📈 Strategic Growth

Expected Growth Rate

6-8%

Growth Strategy

The company aims to leverage the 6-8% annual growth in the textile industry by shifting towards branded ready-made garments and retail malls. It is also diversifying into third-party product distributions (low risk) and originating unsecured personal loans and corporate loans (higher risk) to capture financial services demand and improve balance sheet utilization.

Products & Services

Cotton, Woolen, Art Silk, Natural Silk, Readymade Garments, Hosiery, Synthetics Fiber, Fabric, Mixed Fabrics, third-party product distributions, unsecured personal loans, and corporate loans.

Brand Portfolio

Alstone

New Products/Services

Unsecured personal loans and corporate loans; expected revenue contribution % not disclosed.

Market Expansion

Targeting emerging malls and retail industries for handicrafts and apparels; catering to global needs through product development.

🌍 External Factors

Industry Trends

The textile industry is growing at 6-8% annually with a shift toward branded ready-made garments and retail. The industry is evolving through the withdrawal of quota restrictions and increased FDI opportunities.

Competitive Landscape

Competing with progressing countries like China and other organized/unorganized textile players in India.

Competitive Moat

Management experience and insight are cited as the primary moat for discovering new opportunities. The company focuses on professional standards and excellence to maintain uniqueness.

Macro Economic Sensitivity

Sensitive to Indian GDP growth (Q2 FY25 at 5.4%) and global growth (3.2% in 2024). Services inflation is noted as a risk to monetary policy normalization, which could impact borrowing costs.

Consumer Behavior

An upsurge in purchasing power and disposable income of Indian customers is driving demand for branded apparel and retail segments.

Geopolitical Risks

Trade tensions and policy uncertainty; competition from progressing countries like China and changes in international labor laws.

⚖️ Regulatory & Governance

Industry Regulations

Environmental and international labor laws; changes in governmental regulations and tax regimes; removal of the quota system affecting export demand.

⚠️ Risk Analysis

Key Uncertainties

Fluctuations in export demand due to quota system removal; balancing quality and price; environmental and labor law compliance; and the high balance sheet risk associated with corporate loans.