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ALPHAGEO (INDIA) LTD.

13 October 2026 | 01:12

Industry >> Oil Drilling And Exploration

Select Another Company

ISIN No INE137C01018 BSE Code / NSE Code 526397 / ALPHAGEO Book Value (Rs.) 421.40 Face Value 10.00
Bookclosure 11/09/2026 52Week High 368 EPS 0.00 P/E 0.00
Market Cap. 159.12 Cr. 52Week Low 165 P/BV / Div Yield (%) 0.59 / 2.00 Market Lot 1.00
Security Type Other

DIRECTOR'S REPORT

You can view full text of the latest Director's Report for the company.
Year End :2026-03 

The Board of Directors are pleased to present the 39th Annual Report of Alphageo (India) Limited
("the Company") on business and operations along with the audited financial statements (standalone
and consolidated) for the financial year ended March 31,2026.

Financial highlights

The financial performance of the company for the year ended March 31,2026, on a standalone and
consolidated basis, is summarised below:

(All amount in Indian C lakhs, unless otherwise stated)

Particulars

Standalone

Consolidated

2025-26

2024-25

2025-26

2024-25

Revenue from operations

10,972

9,096

11,217

12,568

Other Income

500

915

620

990

Total Income

11,472

10,011

11,837

13,558

Total Operating Expenses

11,764

9,593

12,050

12,880

Depreciation and Amortisation expenses

1,591

1,400

1,637

1,442

Total Expenses

13,355

10,993

13,687

14,322

Profit/(Loss) before Finance Cost,
Exceptional items and Tax

(1,883)

(982)

(1,850)

(764)

Finance cost

28

31

32

34

Profit/(Loss) Before Exceptional items & Tax

(1,911)

(1,013)

(1,882)

(798)

Exceptional items

--

--

--

--

Profit/(Loss) Before Tax

(1,911)

(1,013)

(1,882)

(798)

Total Tax Expense

(482)

(249)

(487)

(216)

Profit/(Loss) after tax, before share of (loss)
of investments accounted through equity
method

(1,429)

(763)

(1,395)

(582)

Share of (loss) from Associate accounted
through equity method

--

--

--*

--*

Profit /(loss) for the period

(1,429)

(763)

(1,395)

(582)

Earnings per share of C10/- each

Basic (C)

(22.46)

(11.99)

(21.83)

(9.60)

Diluted (C)

(22.46)

(11.99)

(21.83)

(9.60)


Overview of business operations

a) Standalone Operations:

> On standalone basis, the operational
revenue for financial year 2026 is
C10,972
lakhs, higher by 20.63 % over the previous
year's 2025 revenue of
C9,096 lakhs

> The Equity of the Shareholders, on
standalone basis, is
C22,432 lakhs as on
March 31,2026 compared to
C24,365 lakhs
as on March 31 2025.

b) Consolidated operations:

> On Consolidated basis, the operational
revenue for financial year 2026 is
C 11,217
lesser by 12.04 % over the previous year's
2025 revenue of
C12,568 lakhs

> The Equity of the Shareholders, on
consolidated basis, is
C25,337 lakhs as on
March 31, 2026 compared from
C26,846
lakhs as on March 31, 2025.

Share capital

The paid-up equity shares capital of the company
as on March 31,2026 is
C636.48 lakhs comprising
of 63,64,767 equity shares of
C10 each. During
the year under review, the company has not
issued or allotted any shares of the company.
The company does not have any outstanding
warrants or any convertible instruments as on
March 31,2026.

Transfer to reserves

The company has not transferred/ appropriated
any amount to the general reserve during the
year ended March 31, 2026.

Dividend

The Board considering the financial position for
the year under review, has recommended a final
dividend of
C5/- per equity share of C10/- each
for the financial year ended 31st March 2026,
subject to the approval of the members at the
39th Annual General Meeting.

Material changes and commitment

There has been no material change and
commitment, affecting the financial performance
of the company from the end of the financial
year to the date of this report.

Change in the nature of business

The company continues to be in the business
of providing geophysical data acquisition,
processing and interpretation services and there
has been no change in the nature of business of
the company or any of its subsidiaries during the
year under review.

Subsidiaries

a) Foreign subsidiary:

> Alphageo International Limited (AIL)
Alphageo International Limited (AIL),

a wholly owned foreign subsidiary of the
Company, is incorporated in the Jebel Ali
Free Zone, Dubai. Pursuant to Regulation
16 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations,
2015, Alphageo International Limited,
Dubai, was classified as a material
subsidiary as on March 31, 2026.

b) Indian subsidiary:

> Alphageo Offshore Services Private Limited
(AOSPL)

Alphageo Offshore Services Private
Limited (AOSPL), an Indian subsidiary
engaged in seismic surveys, data
acquisition, and other geophysical
activities, was classified as a material
subsidiary of the Company during the
year under review, in accordance with
Regulations 16 and 24(1) of the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015.

During the financial year 2025-26, AOSPL
secured a significant order valued at C34.98

crores (plus applicable taxes) from Oil India
Limited, Rajasthan for acquiring 2D and 3D
Seismic Data in Gujarat.

Performance of subsidiaries:

Pursuant to the provisions of Section 129(3)
of the Companies Act, 2013, read with the
Companies (Accounts) Rules, 2014, a statement
containing the salient features of the financial
statements of the subsidiary companies and
associate company is provided in Form AOC-1
as Annexure-I to this Report.

In compliance with Section 136 of the
Companies Act, 2013, the financial statements of
the subsidiaries are available on the Company's
website and will be furnished to any member
upon request.

The Company has adopted a policy for
determining "Material Subsidiary" in terms of
Regulation 16(c) of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations,
2015. The policy is accessible on the Company's
website at: http://www.alphageoindia.com/
Policies.htm.

Consolidated financial statements

The Consolidated Financial Statements of the
Company, together with those of its subsidiaries
and the associate company of the Indian
subsidiary, for the financial year ended March 31,
2026, have been prepared in compliance with
the Indian Accounting Standards notified under
Section 133 of the Companies Act, 2013, read
with Section 129(3) of the Companies Act, 2013,
and the applicable provisions of the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015. The consolidated financial
statements, along with the Auditors' Report
thereon, form an integral part of the Annual
Report.

Public deposits

The Company has not accepted any deposits

covered under Chapter V of the Companies Act,
2013, nor has it accepted any other deposits that
are not in compliance with the requirements of
Chapter V of the said Act.

Compliance with secretarial standards

During the year under review, the Company
has complied with all the applicable Secretarial
Standards issued by the Institute of Company
Secretaries of India (ICSI).

Unclaimed dividend

In accordance with Section 124 of the Companies
Act, 2013, read with the Investor Education and
Protection Fund Authority (Accounting, Audit,
Transfer and Refund) Rules, 2016, as amended,
companies are mandated to transfer dividends
that remain unpaid or unclaimed for a period of
seven years from the Unpaid Dividend Account
to the Investor Education and Protection Fund
(IEPF).

The details of the unclaimed dividends lying
with the Company are available on its website
at the following link: http://alphageoindia.com/
Unclaimed%20Dividends.htm.

Transfer of unpaid and unclaimed dividend
amounts and shares to Investor Education
and Protection Fund (“IEPF")
> Transfer of unclaimed dividend to IEPF:

Pursuant to the provisions of Section 124
of the Companies Act, 2013, read with the
Investor Education and Protection Fund
Authority (Accounting, Audit, Transfer
and Refund) Rules, 2016 ("the Rules"),
dividends that remain unpaid or unclaimed
for a period of seven years from the date
of their transfer to the Unpaid Dividend
Account are required to be transferred by
the Company to the Investor Education
and Protection Fund (IEPF), established by
the Central Government under Section 125
of the Companies Act, 2013.

In compliance with the above provisions,
the unclaimed dividend for the financial
year 2017-18 amounting to C5.00 lakhs
has been duly transferred to the Investor
Education and Protection Fund of the
Central Government.

> Transfer of Shares to IEPF:

Pursuant to the provisions of Section 124(6)
of the Companies Act, 2013, read with the
Investor Education and Protection Fund
Authority (Accounting, Audit, Transfer
and Refund) Rules, 2016, as amended,
the Company is required to transfer the
underlying shares in respect of which
dividends have not been paid or claimed
for seven consecutive years or more to the
Investor Education and Protection Fund
(IEPF).

In compliance with the aforesaid provisions,
the Company has issued individual notices
through registered post to all shareholders
whose dividends have remained unclaimed
for seven consecutive years. Additionally, a
public notice in this regard was published
in both English and vernacular newspapers,
and the details of such shareholders have
been uploaded on the Company's website.

Particulars

No of Equity
Shares

Shares lying in the
Investor Education and
Protection Fund (IEPF)
at the beginning of the
financial year

1,00,318

Less: Claims accepted
by IEPF Authority and
shares transferred
before transfer of
shares to IEPF during
the year

600

Particulars

No of Equity
Shares

Balance shares lying in
the Investor Education
and Protection Fund
before transfer of
shares to IEPF during
the year

99,718

Shares transferred to
the Investor Education
and Protection Fund
during the financial
year

3,279

Less: Claims accepted
by IEPF Authority and
shares transferred
after transfer of shares
to IEPF during the
Financial Year

520

Shares lying in the
Investor Education and
Protection Fund at the
end of the financial year

1,02,477

> The details of shares transferred to the
Investor Education and Protection Fund
(IEPF) during previous years are available
on the Company's website. Shareholders
whose shares have been transferred to the
IEPF Authority may claim their shares by
following the refund procedure prescribed
by the Authority, as detailed on the IEPF
website https://www.iepf.gov.in/content/
iepf/global/master/Home/Home.html

Auditors and audit reports> Statutory audit:

In line with the provisions of Section
139 of the Companies Act, 2013, and
the Companies (Audit and Auditors)
Rules, 2014, M/s Majeti & Co., Chartered
Accountants, Hyderabad, continue to serve
as the Statutory Auditors of the Company.
Their appointment, approved for a five
year term commencing from the 35th AGM,

remains valid until the conclusion of the
40th AGM. The Auditors have confirmed
their eligibility under the Companies Act,
2013, and the Board, through the Audit
Committee, periodically reviews the
effectiveness of the audit process and
independence of the Auditors.

Audit report on financial statements:

The Auditors' Report on the financial
statements of the Company for the year
ended March 31, 2026 does not contain
any qualification, reservation, or adverse
remark.

> Secretarial audit:

Pursuant to the provisions of Section 204
of the Companies Act, 2013 and the rules
framed thereunder, M/s D. Hanumanta
Raju & Co., Practicing Company Secretaries,
Hyderabad, were appointed to conduct
the Secretarial Audit of the Company for
the financial year 2025-26. The Secretarial
Auditors have issued an unmodified
report for the year ended March 31, 2026,
which is appended as
Annexure-II to
this Report. The Board of Directors and
the Audit Committee have reviewed the
report and noted with satisfaction that
no qualifications, reservations, or adverse
remarks were made.

> Secretarial Audit of Material Subsidiary

In accordance with Regulation 24A of the
SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, M/s
D. Hanumanta Raju & Co., Practicing
Company Secretaries, Hyderabad, were
also appointed to conduct the Secretarial
Audit of Alphageo Offshore Services
Private Limited, a material subsidiary
of the Company, for the financial year
2025-26. The Secretarial Auditors have
submitted their report, which is appended

as Annexure-III to this Report. The Board
and Audit Committee have reviewed
the subsidiary's Secretarial Audit Report
and noted with satisfaction that no
qualifications, reservations, or adverse
remarks were made.

> Cost audit and cost records:

The maintenance of cost records and the
requirement of cost audit, as prescribed
under Section 148(1) of the Companies Act,
2013, are
not applicable to the business
activities carried out by the Company.

The Company is engaged in providing
Geophysical Seismic Data Acquisition,
Processing, and Interpretation
Services to the oil and gas exploration
companies which do not fall under the
categories requiring cost records or cost
audit under the Act.

Directors and Key Managerial Personnel

> Appointment & Re-appointment of
directors:

Composition of Board

As on March 31,2026, the Board of Directors
of the Company comprised six members,
consisting of three Executive Directors
and three Non Executive Independent
Directors. The composition of the Board is
in conformity with the requirements of the
Companies Act, 2013 and the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015, ensuring an appropriate
balance of executive leadership and
independent oversight.

Retirement by rotation:

In accordance with the provisions of the
Companies Act, 2013 and the Articles of
Association of the Company, Mr. Sashank
Alla, Whole time Director, (DIN: 07508061)
is liable to retire by rotation at the ensuing

39th Annual General Meeting and, being
eligible, offers himself for reappointment.
The Board recommends his reappointment
for the approval of the shareholders.

> Remuneration of directors and key
managerial personnel:

Particulars of Remuneration

The particulars of remuneration to
Directors and Key Managerial Personnel,
as required under Section 197(12) of the
Companies Act, 2013, read with Rule 5(1)
of the Companies (Appointment and
Remuneration of Managerial Personnel)
Rules, 2014, as amended, are provided in
Annexure-IV and form part of this Report.

Non Executive Independent Directors

During the year under review, the Non
Executive Independent Directors of the
Company had no pecuniary relationship
or transactions with the Company other
than the payment of sitting fees for
attending Board and Committee meetings
and reimbursement of expenses, if any,
incurred in the discharge of their duties.
This ensures their independence and
objectivity in providing oversight and
guidance to the Board.

> Changes in key managerial personnel:

Pursuant to the provisions of Section 203
of the Companies Act, 2013, the Company
has designated Key Managerial Personnel
(KMP) as required under the Act. During the
year under review, no changes occurred in
the positions held by the Key Managerial
Personnel. The existing KMPs continued to
discharge their responsibilities, ensuring
compliance with statutory requirements
and supporting the Board in maintaining
effective governance practices.

> Other changes, if any, occurred after
the closure of financial year:

There are no changes occurred after the
closure of the financial Year.

Board meetings

During the financial year 2025-26, the Board
convened four (4) meetings. The requisite
quorum was present at each meeting. The
interval between any two meetings was within
the limits prescribed under the Companies
Act, 2013 and the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Detailed information on the meetings held and
the attendance of Directors is provided in the
Corporate Governance Report forming part of
the Annual Report

Committees of the board

In compliance with the provisions of the
Companies Act, 2013 and the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015, the Company has constituted/
reconstituted various Board level committees.
The following committees are in place:

i. Audit Committee

ii. Nomination & Remuneration Committee

iii. Stakeholders' Relationship Committee

iv. Corporate Social Responsibility Committee

v. Finance Committee

The composition of these committees, along
with details of the meetings held and the
attendance of Directors, is provided in the
Corporate Governance Report, which forms part
of the Annual Report.

Audit committee

The Audit Committee of the Board, chaired by an
Independent Director, meets at regular intervals
to discharge its terms of reference effectively and
efficiently. During the year under review, there
were no instances where the recommendations

of the Audit Committee were not accepted by
the Board.

Nomination and remuneration policy

The Company has framed and adopted a
policy on the nomination and remuneration of
Directors, Key Managerial Personnel, and other
employees in accordance with Section 178 of the
Companies Act, 2013 and Part D of Schedule II
of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. The policy is
available on the Company's website at: http://
alphageoindia.com/Policies.htm.

It is affirmed that the appointment/re-
appointment and remuneration of Directors, Key
Managerial Personnel, and senior management
employees are in line with the Company's
remuneration policy. The remuneration and
sitting fees paid to Executive and Non-Executive
Directors during the year under review are
detailed in the Corporate Governance Report,
forming part of the Annual Report.

Particulars of remuneration to employees

The details of remuneration to employees, as
required under Rule 5(2) read with Rule 5(3) of the
Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, as amended,
are provided in
Annexure-V to this Report.

Whistle blower/vigil mechanism

The Company has adopted a Whistle Blower
Policy to provide a formal mechanism for
Directors and employees to report instances of
unethical behavior, actual or suspected fraud,
or violations of the Company's Code of Conduct
or Ethics Policy. The policy ensures adequate
safeguards against victimization of employees
who avail themselves of the mechanism and
provides direct access to the Chairman of the
Audit Committee.

The Audit Committee periodically reviews the

Whistle Blower Policy. It is affirmed that no
personnel of the Company have been denied
access to the Chairman of the Audit Committee.
The Whistle Blower Policy is available on
the Company's website at: http://www.
alphageoindia.com/Policies.htm.

Declaration by independent directors

The Company has, inter alia, received
declarations from all Independent Directors
confirming that:

a. They meet the criteria of independence as
prescribed under the Companies Act, 2013,
read with the rules made thereunder, and
the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. There
has been no change in circumstances
affecting their status as Independent
Directors of the Company;

b. They have complied with the Code for
Independent Directors as prescribed under
Schedule IV to the Companies Act, 2013;
and

c. They have registered themselves with
the Independent Directors' Database
maintained by the Indian Institute of
Corporate Affairs.

In the opinion of the Board, all Independent
Directors possess the requisite qualifications,
experience, and expertise, and uphold the high
standards of integrity necessary to discharge
their duties with objective, independent
judgment and without any external influence.
A list of key skills, expertise, and core
competencies of the Board, including those of
the Independent Directors, forms part of the
Corporate Governance Report annexed to the
Annual Report.

Meeting of independent directors

Details of the separate meeting of Independent
Directors held during the year is provided in the

Corporate Governance Report, which forms part
of the Annual Report.

Board induction and familiarization
Programme for independent directors

Prior to the appointment of an Independent
Director, the Company issues a formal
appointment letter outlining the role,
functions, and responsibilities expected of
them as a member of the Board. The details
of the Board Familiarization Programme are
provided in the Corporate Governance Report
forming part of the Annual Report and are also
accessible on the Company's website at: http://
www.alphageoindia.com/Familiarization%20
Programme.htm.

Annual evaluation of board performance
and performance of its committees and of
directors

Pursuant to the provisions of Section 178 of the
Companies Act, 2013, read with the applicable
rules, and Regulation 17 of the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015, the Board carried out an
annual evaluation of its own performance, the
performance of individual Directors, and the
functioning of its Committees. The evaluation
was conducted in accordance with the criteria
defined by the Nomination and Remuneration
Committee.

The evaluation process was undertaken
through a structured questionnaire covering
various aspects of Board functioning, including
adequacy of composition, effectiveness of
Committees, Board culture, execution of duties,
independence, governance standards, ethics
and values, adherence to corporate governance
norms, interpersonal relationships, attendance,
and contribution at meetings. The performance
evaluation of Independent Directors was carried
out by the entire Board, excluding the Director
being evaluated.

In a separate meeting of Independent Directors,
the performance of Non-Independent Directors,
the Board as a whole, and the Chairman of the
Company was evaluated, taking into account the
views of Executive and Non-Executive Directors
submitted through the structured questionnaire.

The Nomination and Remuneration Committee
also reviewed the performance of individual
Directors based on the duly completed
evaluation forms submitted by each Director.
The evaluation process has been detailed in the
Corporate Governance Report, which forms part
of the Annual Report.

Particulars of loans, guarantees or
investments

During the year under review, the Company has
not provided any loans or guarantees to any
person or body corporate, other than placing a
lien on its fixed deposit with the bank to secure
an overdraft facility availed by its subsidiary,
Alphageo Offshore Services Private Limited. No
other loans or guarantees were extended during
the year.

Particulars of contracts or arrangements
with related parties

All contracts, arrangements, and transactions
entered into by the Company during the year
under review with related parties were in the
ordinary course of business, conducted on an
arm's length basis, and in compliance with the
applicable provisions of the Companies Act,
2013 and the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
The particulars of such transactions have been
disclosed in Note No. 40 of the Standalone
Financial Statements, in accordance with IND
AS 24 - Related Party Disclosures, as specified
under Section 133 of the Companies Act, 2013
read with Rule 7 of the Companies (Accounts)
Rules, 2014, as amended.

For material related party transactions, if any
entered during the year, the Company obtained
the requisite shareholders' approval under
Regulation 23 of the Listing Regulations.

During the year, there were no contracts,
arrangements, or transactions with related
parties other than those at arm's length.
Accordingly, no transactions were required to be
reported in Form AOC-2 under the Companies
(Accounts) Rules, 2014 for the year ended March
31,2026.

The Company has adopted a Policy on Related
Party Transactions in line with the provisions of
the Act and the Listing Regulations. The policy
is available on the Company's website at: http://
alphageoindia.com/Policies.htm.

Corporate social responsibility (CSR)

In compliance with Section 135 of the Companies
Act, 2013, the Board has constituted a Corporate
Social Responsibility (CSR) Committee to monitor
and oversee the Company's CSR initiatives and
activities. The composition of the CSR Committee
is provided in the Corporate Governance Report,
which forms part of the Annual Report.

The Company's CSR Policy is available on its
website at: http://alphageoindia.com/Policies.
htm.

The Company undertakes CSR initiatives in line
with Schedule VII of the Companies Act, 2013.
During the year under review, the Company
continued to support ongoing projects
commenced in Financial Year 2022-23, Financial
Year 2023-24, and Financial Year 2024-25,
primarily in the areas of promoting education
and healthcare.

As the Company did not have any CSR obligation
for Financial Year 2025-26, no new projects were
initiated during the year. The Annual Report on
CSR activities undertaken during Financial Year

2025-26, in accordance with the requirements of
the Companies (Corporate Social Responsibility
Policy) Rules, 2014 (as amended), is annexed as
Annexure-VI to this Report.

Reasons for not spending the amount
earmarked for CSR activities:

During the financial year 2025-26, the Company
did not have any obligation under Section
135 of the Companies Act, 2013 to spend on
CSR activities. Accordingly, no amount was
earmarked or required to be spent during the
year.

Report on corporate governance

Pursuant to Regulation 34 of the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015, a detailed Report on
Corporate Governance for the financial year
2025-26 forms an integral part of the Annual
Report. The requisite certificate from a Practicing
Company Secretary, confirming compliance
with the mandatory requirements of Corporate
Governance as stipulated under the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015 (as amended), is annexed to
the Corporate Governance Report forming part
of the Annual Report.

Management discussion and analysis
report

In accordance with Regulation 34 of the
SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the
Management Discussion and Analysis Report
for the financial year 2025-26 is presented in a
separate section and forms an integral part of
the Annual Report.

Risk management

The Company continuously identifies and
evaluates risks across strategic, financial,
liquidity, regulatory, legal, and other dimensions,

in alignment with its overall business objectives,
operations, and growth plans.

The details of the risk management framework,
along with issues considered and addressed
during the year, have been explained in the
Management Discussion and Analysis Report,
which forms part of the Annual Report.

Business responsibility and Sustainability
report

As per the criteria laid down under Regulation
34 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Business
Responsibility and Sustainability Report (BRSR) is
applicable to the top one thousand listed entities
based on market capitalization. Accordingly, the
provisions are not applicable to the Company
for the financial year ended March 31, 2026,
as the Company was ranked among the top
three thousand listed entities based on market
capitalization as on December 31,2025.

Internal financial controls and its adequacy

The Company has in place an adequate internal
financial control system with reference to
financial statements. These controls have been
operating effectively, and no deficiencies were
observed during the year under review.

The Company's internal control systems are
well established and commensurate with the
nature, size, and complexity of its business
operations. The Audit Committee periodically
reviews the adequacy and effectiveness of the
internal control framework to ensure reliability
of financial reporting and compliance with
applicable laws and regulations.

Reporting of frauds

During the year under review, there were no
instances of fraud that required the Statutory
Auditors to report to the Audit Committee
and/or the Board under Section 143(12) of

the Companies Act, 2013 and the rules made
thereunder.

Code of conduct

A declaration regarding compliance with the
Company's Code of Conduct, signed by the
Chairman and Managing Director, is annexed to
the Corporate Governance Report, which forms
part of the Annual Report.

Annual Return

In terms of Section 92(3) of the Companies
Act, 2013 and Rule 12 of the Companies
(Management and Administration) Rules, 2014,
the draft Annual Return of the Company for the
financial year ended March 31, 2026 is available
on the Company's website at the following link:
https://www.alphageoindia.com/Annual%20
Returns.htm.

Policy on prevention, prohibition,
and redressal of sexual harassment at
workplace

The Company has in place a Policy on Prevention
and Prohibition of Sexual Harassment of Women
at Workplace in line with the requirements of
the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act,
2013. The Policy aims to provide protection
to employees and ensure a safe working
environment.

An Internal Complaints Committee has been
constituted to redress complaints relating to
sexual harassment. During the year under review,
the Company did not receive any complaints
pertaining to sexual harassment.

Number of complaints of Sexual
Harassment received during the
financial year

Nil

Number of complaints disposed of
during the financial year

Nil

Number of complaints pending for
more than ninety days

Nil

The Policy is available on the Company's website at: http://www.alphageoindia.com/Policies.htm.
Employee's stock option scheme

The Company administers its employee stock option scheme under the title "Alphageo ESOS 2008".
Under this scheme, 235,067 stock options are available for grant to eligible employees. As on March
31,2026, there are no enforceable stock options outstanding.

Conservation of energy, technology absorption, foreign exchange earnings and outgo

The information required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of
the Companies (Accounts) Rules, 2014 is provided below:

a. Conservation of energy:

Not applicable

b. Technology absorption:

Nil

c. Foreign exchange earnings and outgo:

2025-26

2024-25

D (In lakhs)

D (In lakhs)

Foreign exchange earnings

--

--

Foreign exchange outgo:

CIF value of imports

30.52

3099.08

Expenditure in foreign currency

74.42

94.16


Significant and material orders passed by
the courts / regulators

During the year under review, no significant
or material orders were passed by regulators,
courts, or tribunals that could impact the going
concern status of the Company or its future
operations.

Director's responsibility statements under
Section 134 of the Companies Act, 2013

Pursuant to the requirement under section 134
of the Companies Act, 2013 with respect to
directors' responsibility statement, the board of
directors of the company hereby confirms that:

i. in the preparation of the annual accounts
of the company, both standalone and
consolidated, for the year ended March 31,
2026, the applicable accounting standards
read with requirements set out under
schedule III to the Companies Act 2013,

have been followed and that there are no
material departures from the same;

ii. the directors have selected such
accounting policies and made judgments
and estimates that are reasonable and
prudent to give a true and fair view of the
state of affairs of the company as at March
31,2026 and of the loss for the year ended
on that date;

iii. the directors have taken proper and
sufficient care for the maintenance of
adequate accounting records in accordance
with the provisions of the Companies Act,
2013 for safeguarding the assets of the
company and for preventing and detecting
fraud and other irregularities;

iv. the annual accounts for the year ended
March 31,2026 have been prepared on a
going concern basis;

v. adequate internal financial controls have
been laid down and such controls are
operating effectively;

vi. proper and adequate systems to ensure
compliance with the provisions of all
applicable laws have been devised and
such systems are operating efficiently.

Other Affirmations

a) Details of Application made or
proceeding pending under Insolvency
and Bankruptcy Code 2016 during the
year along with their status as at the
end of the financial year.

During the year under review and at the
end of financial year 31st March 2026, there
were no applications made or proceedings
pending in the name of the Company
under the Insolvency and Bankruptcy Code
2016.

b) Details of difference between amount
of the valuation done at the time of
one-time settlement and the valuation
done while taking loan from the Banks
or Financial Institutions along with the
reasons thereof

During the year under review, there has
been no one time settlements for Loans

from Banks and Financial Institutions have
been made.

c) Maternity Benefit Provided by the
company under Maternity Benefit Act
1961

The Company declares that it has duly
complied with the provisions of the
Maternity Benefit Act, 1961. All eligible
women employees have been extended
the statutory benefits prescribed under
the Act, including paid maternity leave,
continuity of salary and service during
the leave period. The Company remains
committed to fostering an inclusive and
supportive work environment that upholds
the rights and welfare of its women
employees in accordance with applicable
laws.

Acknowledgements

The Board of Directors expresses its sincere
appreciation and gratitude to the Company's
valued shareholders, employees, clients,
vendors, investors, bankers, and other business
associates for their continued cooperation
and support. The Board also acknowledges
and deeply appreciates the dedicated and
committed services of every member of the
Alphageo family.

For Alphageo (India) Limited

Hyderabad Dinesh Alla

Date: 27-05-2026 Chairman and Managing Director