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
|