Alexander Stamps and Coin Limited Schedules EGM to Re-appoint Managing Director

Alexander Stamps and Coin Limited will hold an Extra-Ordinary General Meeting on December 12, 2025, to re-appoint Mr. Anirudh Sethi as Managing Director for five years from December 17, 2025 to December 17, 2030. The meeting will be conducted through video conferencing with remote e-voting facility, requiring shareholder approval for the re-appointment and remuneration terms.

Alexander Stamps and Coin Limited Re-appoints Anirudh Sethi as Managing Director for Five Years

Alexander Stamps and Coin Limited's Board approved the re-appointment of Mr. Anirudh Sethi (DIN: 06864789) as Managing Director for a five-year term from December 17, 2025 to December 17, 2030. The re-appointment is subject to shareholder approval at the upcoming General Meeting, with Sethi being described as a passionate collector and company promoter with extensive experience in philatelic and numismatic activities.

Alexander Stamps & Coins Limited Reports Quarterly Profit of Rs. 0.08 Lakhs

Alexander Stamps & Coins Limited's Board of Directors approved unaudited financial statements for the first quarter ended June 30, 2025. The company reported revenue from operations of Rs. 7.20 lakhs, down from Rs. 11.62 lakhs in the previous quarter and Rs. 9.89 lakhs in the same quarter last year. The company posted a profit of Rs. 0.08 lakhs for the quarter, compared to a loss of Rs. 3.70 lakhs in the previous quarter and a profit of Rs. 0.44 lakhs in the corresponding quarter of the previous year. Basic and diluted earnings per share remained at Rs. 0.00. The company faces several challenges including missing documentation for non-current investments worth Rs. 113.67 lakhs, an outstanding income tax demand of Rs. 344.56 lakhs for Assessment Year 2017-2018 without any provision or appeal filed, and inventory valuation issues with Rs. 1641.62 lakhs of inventory valued based on a May 2023 report.

Alexander Stamps and Coin Limited Corrects Board Meeting Outcome Filing

Alexander Stamps and Coin Limited resubmitted its Board Meeting outcome dated July 22, 2025, to correct typographical errors in the original filing. The key correction involved replacing Mr. Jignesh Soni with Mr. Anirudh Sethi for director re-appointment. The company explained that Mr. Jignesh Soni, being an Independent Director, is not subject to retirement by rotation under the Companies Act, 2013, while Mr. Anirudh Sethi, as an Executive Director, is eligible for retirement by rotation and has been recommended for reappointment at the upcoming Annual General Meeting. The Board also approved audited standalone financial statements for the year ended March 31, 2025, the Annual Report for FY 2024-25, and material related party transactions with Managing Director Mr. Anirudh Sethi and Ms. Vandana Sethi.