To
The Members of Alufluoride Limited
Your Directors have pleasure in presenting the Annual Report of your Company along with
the Audited Statement of Accounts for the financial year ended 31st March 2026. The Report
also includes the Management Discussion and Analysis Report and in accordance with the
Guidelines on Corporate Governance.
FINANCIAL RESULTS
The Financial results of the Company for the year under review are as follows:
(Rs. in Crores)
|
Standalone |
Consolidated |
|
As on 31st March, 2026 |
As on 31st March, 2025 |
As on 31st March, 2026 |
As on 31st March, 2025 |
| Sales and other revenue |
210.10 |
190.53 |
210.12 |
190.53 |
| Profit before Finance charges, Depreciation, Tax & other adj's |
46.40 |
38.42 |
46.28 |
35.59 |
| Less: Finance charges |
2.57 |
2.46 |
2.57 |
2.46 |
| Profit before Depreciation, Tax & other Adj's |
43.83 |
35.96 |
43.71 |
33.13 |
| Less: Depreciation |
9.53 |
8.97 |
9.53 |
8.97 |
| Profit before Exceptional item, Tax & other adj's |
34.30 |
26.99 |
34.18 |
24.16 |
| Less: Exceptional items |
0.96 |
2.61 |
--- |
--- |
| Profit before tax & other adj's |
33.34 |
24.38 |
34.18 |
24.16 |
| Less: Provision for current tax |
9.05 |
7.25 |
9.05 |
7.25 |
| Taxes of earlier years |
0.26 |
(0.57) |
0.26 |
(0.57) |
| Deferred Tax Asset/Liability adj's |
(0.26) |
(0.61) |
(0.26) |
(0.61) |
| Profit before appropriations and carried to Balance Sheet |
24.29 |
18.31 |
25.13 |
18.09 |
| Add/Less: Other Comprehensive Income (Ind-AS adj's) |
1.01 |
0.43 |
1.01 |
0.43 |
| Profit before appropriations and carried to Balance Sheet |
25.30 |
18.74 |
26.14 |
18.52 |
COMPANY'S PERFORMANCE
Your Directors are pleased to report that the Company has achieved an all-time record
in both production and sales during the year under review. Aluminium Fluoride production
stood at 17,787 MT, with sales of 18,866 MT, surpassing the previous year's figures of
16,377 MT and 15,831 MT respectively for FY 2024-25. Total Sales and Other Revenue also
reached an unprecedented Rs. 210.10 crores, compared to Rs. 190.53 crores in FY 2024-25.
The record performance was driven by a combination of higher production volumes, an
improved average realization per ton, rigorous working capital management, growth in other
income and sustained cost control measures. After accounting for a provision of Rs. 0.96
crores towards diminution in the value of investment in the Company's wholly owned
subsidiary in Singapore, the Company recorded a Profit Before Tax and other adjustments of
Rs. 33.34 crores and a Net Profit of Rs. 25.30 crores (post Ind-AS and tax adjustments),
as against a Net Profit of Rs. 18.74 crores in FY 2024-25.
A notable contributor to this improved performance has been the Company's captive green
solar energy initiative, which has resulted in a meaningful reduction in power costs.
During the year, the Company augmented its existing 3 MW captive solar capacity with an
additional 1.1 MW solar plant, further strengthening its commitment to sustainable and
cost-efficient operations.
Your Directors report that ALUFLUORIDE INTERNATIONAL PTE. LTD., Singapore, the
Company's wholly owned subsidiary, incurred expenses of Rs. 0.14 crores for the period
ended 31st March 2026, as compared to Rs. 2.80 crores in the previous year - reflecting a
significant reduction in subsidiary-level expenditure.
On a consolidated basis, the Profit Before Appropriations carried to the Balance Sheet
stood at Rs. 26.14 crores, as against Rs. 18.52 crores in the previous year, representing
a strong year-on-year improvement in the Company's overall financial position.
OUTLOOK FOR THE CURRENT YEAR
Coromandel International Limited (CIL) has commissioned a greenfield Phosphoric Acid
plant in Kakinada, from which it has been supplying Hydrofluosilicic Acid (FSA) - a key
raw material in the production of Aluminium Fluoride (AlF3) - to the Company with effect
from April 2026. In addition, IFFCO Limited, Paradeep, has indicated its intention to
supply supplementary FSA quantities in the near term, following the planned revamping of
its fluorine recovery facilities.
In anticipation of increased FSA availability, the Company has undertaken a further
expansion of its AlF3 production infrastructure. Upon completion, which is targeted by end
of June 2026, the enhanced facility will have a production capacity of 80 tons per day
(TPD) of Aluminium Fluoride.
However, for the current financial year (FY 2026-27), the Company's production outlook
is subject to certain risks. All Phosphoric Acid-based fertilizer complexes are
experiencing uncertainty in the receipt of critical imported raw materials, including Rock
Phosphate, Sulphur and Ammonia. This disruption is attributable to the ongoing US-Iran
conflict, which has affected shipping routes through the Strait of Hormuz - the primary
transit corridor for these materials destined for India. Consequently, the Company may
face constrained AlF3 production until the geopolitical situation stabilizes and supply
chains normalize.
In response, the Company is actively monitoring raw material availability and
calibrating its order book accordingly. Notwithstanding these near-term challenges, the
Company remains optimistic about delivering improved financial performance in FY 2026- 27,
supported by increased production volumes, agreed realization prices, and enhanced
operational efficiencies.
TERM LOAN AND WORKING CAPITAL LIMITS WITH BANKS
Your Directors report that for further expansion of Aluminium Fluoride production
facilities, during the year under review, Punjab National Bank, Visakhapatnam (PNB), had
sanctioned an additional term loan of Rs. 20.22 crores and at the request of the Company,
PNB reduced the working capital limits from Rs. 15 crores to Rs. 12.50 crores at a
competitive rate of interest compared to other banks. A charge was created in favour of
PNB, on the assets of the Company for the loans/working capital limits, similar to
previous years.
FUTURE PROJECTS
The Company is exploring a new project to manufacture Alumina Hydrate, towards raw
material security and as a separate vertical. To initiate this project the objects of the
Company were amended, and the shareholders consented to the amendment of the objects
through postal ballot on 20th April 2025. Also, the Company is exploring other overseas
and domestic projects in the fields of Aluminium Fluoride, transport of Company's required
raw materials through Electric Vehicles, fluorine derivatives and value-added products
from Silica, a byproduct of Aluminium Fluoride.
EXPORTS
During the year under review, the Company had not registered any Exports Sales for the
current and previous year.
INSURANCE
All the properties of the Company including Buildings, Plant and Machinery and Stocks
have been adequately insured.
DIVIDEND
Your Directors are pleased to recommend payment of Rs. 4 (Rupees Four only) per equity
share of Rs. 10 (Rupees Ten only) each, i.e., 40% as final dividend for the financial year
2025-26, for the approval of the Members at the ensuing Annual General Meeting (AGM) of
the Company.
TRANSFER TO RESERVE
The Company has not transferred any amount to the General Reserve for the financial
year 2025-26.
CORPORATE GOVERNANCE
As per Regulation 34 read with chapter IV of the SEBI (Listing obligations &
Disclosure Requirements) Regulations, 2015 a separate section on Corporate Governance is
enclosed which forms part of the Annual Report. A certificate from the Auditors of the
Company on compliance with the conditions of Corporate Governance as stipulated under the
SEBI (Listing obligations & Disclosure Requirements) Regulations, 2015 is annexed to
this Report.
MANAGEMENT DISCUSSION AND ANALYSIS
A detailed section of the Management Discussion and Analysis for the period under
review as required under SEBI (Listing obligations & Disclosure Requirements)
Regulations, 2015 is given as a separate statement forming part of the Annual Report.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 134 (5) of the Companies Act, 2013 with
respect to the Director's Responsibility Statement, it is hereby confirmed:
i. In the preparation of the annual accounts for the financial year ended 31st March
2026, the applicable accounting standards had been followed along with proper explanation
relating to material departures;
ii. The Directors had selected such accounting policies and applied them consistently
and made judgments and estimates that were reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company at the end of the financial year and of
the profit of the company for that period;
iii. The Directors had 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 Directors had prepared the accounts for the financial year ended 31st March
2026 on a 'going concern' basis; and
v The Directors had laid down internal financial controls to be followed by the Company
and that such internal financial controls are adequate and were operating effectively;
vi. The Directors had devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating efficiently.
DIRECTORS & KEY MANAGERIAL PERSONNEL (KMP)
Directors
Sri Venkat Akkineni was reappointed as the Managing Director of the Company for a
period of five years with effect from 1st August 2023 to 31st July 2028 at a remuneration
subject to a maximum limit of Rs. 3,00,00,000 per annum for the period commencing from 1st
August 2023 to 31st July 2026. Considering the contribution of Sri Venkat Akkineni towards
the overall growth of the company, sourcing adequate supplies of acid, expansion projects
in India as well his continued efforts in exploring greenfield overseas Aluminium Fluoride
projects, basis the recommendation of Nomination and Remuneration Committee ('NRC') and
the Audit Committee, the Board approved remuneration subject to a maximum limit of Rs.
3,00,00,000 per annum for the remaining period commencing from 1st August 2026 to 31st
July 2028 payable to him as follows, subject to approval of shareholders of the Company:
1. Remuneration:
(i) Salary - Rs. 5,50,000 per month.
(ii) Commission not exceeding 3.5% on the net profits of the Company computed in the
manner laid down in Section 198 of the Companies Act, 2013.
2. Perquisites: In addition to the Salary and Commission, he is be entitled to the
Perquisites, classified under Category A, B, and C as approved by the shareholders of the
Company.
The resolution proposing his remuneration forms part of the Notice of AGM.
During the year under review, the appointment of Sri Aditya Akkineni (DIN: 01629979) as
Whole-Time Director designated as Chief Executive Officer on the Board of the Company with
effect from 10th March 2025 was approved by the shareholders through postal ballot on 20th
April 2025.
Sri Aditya Akkineni (DIN: 01629979) was appointed as Whole-time Director designated as
Chief Executive Officer on the Board of the Company for a term of three year effective
from 10th March, 2025 up to 9th March, 2028 whose office was liable to retirement by
rotation and he shall be the Key Managerial Personnel of the Company, at the following
remuneration:
1. Salary & allowances: Rs. 5,15,000 per month.
2. Perquisites: As per company policy - like HRA, Medical, Bonus, LTA, PF, Gratuity
etc.
Considering his performance, responsibilities being shouldered and his valuable
contributions in the growth of the Company and based on the recommendation of the
Nomination and Remuneration Committee ('NRC') and Audit Committee, the Board approved to
increase the remuneration of Sri Aditya Akkineni as follows: Remuneration subject to a
maximum limit of Rs. 2,00,00,000 per annum payable to him as follows, subject to approval
of shareholders of the Company:
Remuneration:
(i) Salary - Rs. 5,50,000 per month with effect from 1st March, 2026.
(ii) Commission not exceeding 1% on the net profits of the Company computed in the
manner laid down in Section 198 of the Companies Act, 2013 with effect from 1st April,
2026.
(iii)Perquisites: As per Company policy - like HRA, Medical, Bonus, LTA, PF, Gratuity
etc.
The resolution proposing his remuneration forms part of the Notice of AGM.
In accordance with the provisions of the Companies Act, 2013 and the Articles of
Association of the Company, Smt. Jyothsana Akkineni (DIN: 00150047) retires at the ensuing
Annual General Meeting and has conveyed her consent for re-appointment as Director of the
Company. Your Directors recommend the re-appointment of the said Director.
Particulars in pursuance of Regulation 36 of the SEBI LODR Regulations read with
Secretarial Standard - 2 on General Meetings relating to Sri Venkat Akkineni, Sri Aditya
Akkineni and Smt. Jyothsana Akkineni are given in Notice of AGM.
Key Managerial Personnel
During the year under review, there has been no change in the Key Managerial Personnel
of the Company. Smt. Vaishali Kohli continues to be the Company Secretary and Compliance
Officer of the Company.
The Company has named the Managing Director, Director - Finance & Commercial as
CFO, CEO and Company Secretary as its Key Managerial Personnel under the provisions of
Section. 203 of the Companies Act, 2013.
DECLARATION FROM INDEPENDENT DIRECTORS ON ANNUAL BASIS
Sri Yugandhar Meka, Sri Sohrab Chinoy Kersasp and Dr. Ravi Prasad Gorthy are the
Independent Directors of the Company. The terms and conditions of appointment of
Independent Directors are as per Schedule IV of the Act. They have submitted a declaration
that each of them meets the criteria of independence as provided in Section 149(6) of the
Act & Regulation 25(8) of SEBI (LODR) Regulations, 2015 and there has been no change
in the circumstances which affects their status as Independent Director during the year.
NUMBER OF MEETINGS OF THE BOARD
Six meetings of the Board were held during the year. For details of the meetings of the
Board, please refer to the corporate governance report, which forms part of this report.
BOARD EVALUATION
The Board of Directors has carried out an annual evaluation of its own performance,
Board committees and individual Directors pursuant to the provisions of the Act and the
corporate governance requirements as prescribed by Securities and Exchange Board of India
(“SEBI”) under SEBI (Listing obligations & Disclosure Requirements)
Regulations, 2015. The performance of the Board was evaluated by the Board after seeking
inputs from all the Directors on the basis of the criteria such as the Board composition
and structure, effectiveness of Board processes, information and functioning, etc. The
performance of the committees was evaluated by the Board after seeking inputs from the
committee members on the basis of the criteria such as the composition of committees,
effectiveness of committee meetings, etc.
The Board reviewed the performance of the individual Directors on the basis of the
criteria such as the contribution of the individual Director to the Board and committee
meetings like preparedness on the issues to be discussed, meaningful and constructive
contribution and inputs in meetings, etc. In addition, the Chairman was also evaluated on
the key aspects of his role.
In a separate meeting of independent Directors, performance of non-independent
Directors, performance of the Board as a whole and performance of the Chairman was
evaluated, taking into account the views of Executive Directors and Non- Executive
Directors. The same was discussed in the Board meeting that followed the meeting of the
Independent Directors, at which the performance of the Board, its committees and
Individual Directors was also discussed.
POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION AND OTHER DETAILS
The Company's policy on Directors' Appointment and Remuneration and other matters
provided in Section 178(3) of the Act has been disclosed in the corporate governance
report, which forms part of the Directors' report.
The Board at its meeting held on 31st May, 2025, approved payment of commission to the
Independent Directors not exceeding 1 (one) percent of the profits of the Company in a
financial year computed as per and subject to the provisions of the Act, at the end of the
financial year or not exceeding aggregate of Rs. 12,00,000/- (Rupees Twelve Lakhs only)
p.a., whichever is lower, to be paid equally among all the Independent Directors. The same
was approved by the Shareholders at the AGM held on 16th September 2025.
DISCLOSURE AS REQUIRED UNDER RULE 5 OF COMPANIES (APPOINTMENT& REMUNERATION OF
MANAGERIAL PERSONNEL) RULES 2014
The Disclosure as required under Rule 5 of Companies (Appointment & Remuneration of
Managerial Personnel) Rules 2014 is appended in Annexure - A to the Board Report.
RISK MANAGEMENT
The Board of Directors oversee the various strategic, operational and financial risks
that the organization faces, along with assessment of risks, their management and
mitigation procedures. In the Board's view, there are no material risks, which may
threaten the existence of the Company.
SECRETARIAL STANDARDS
The Directors state that applicable Secretarial Standards, i.e., SS-1 relating to
'Meetings of the Board of Directors' and SS-2, relating to 'General Meetings', have been
duly followed by the Company.
INTERNAL FINANCIAL CONTROLS
The Company has adequate internal financial controls commensurate with its size and
nature of its business. During the financial year under review, Internal Auditors of the
Company have reviewed the effectiveness and efficiency of these systems and procedures. As
per the said assessment, Board is of the view that IFC were adequate and effective during
the financial year.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES REFERRED IN SUB - SECTION
(1) OF SECTION 188
Details of transactions with related parties falling under the scope of Section 188(1)
of the Act & Information on transactions with related parties pursuant to Section
134(3)(h) of the Act read with rule 8(2) of the Companies (Accounts) Rules, 2014 (Form No.
AOC- 2) is given in Annexure B to the Board Report.
STATUTORY AUDITOR
Pursuant to the provisions of Section 139 of the Act and the Companies (Audit and
Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment (s)
thereof, for the time being in force), Brahmayya & Co., Chartered Accountants,
Visakhapatnam (FRN No: 000513S), were appointed as Statutory Auditors of the Company in
the Annual General Meeting held on 9th July 2022 for a term of 5 (five) years until
conclusion of the Annual General Meeting to be held in the year 2027.
SECRETARIAL AUDITOR
Pursuant to the provisions of Section 204 of the Act and the rules framed there under
Mr. G.M.V. Dhanunjaya Rao of GMVDR & Associates, Company Secretaries was appointed as
Secretarial Auditor of the Company and the Secretarial Audit Report issued by them for the
financial year 2025-26 is made a part of this Report.
Further the Board at its meeting held on 31st May, 2025, approved the appointment of
Sri GM.V. Dhanunjaya Rao (GMVDR & Associates) as the Secretarial Auditor of the
Company for a term of five years commencing from the financial year 2025-26 up to
financial year 2029-2030 at a remuneration fixed by Managing Director/Director - Finance
& Commercial of the Company in consultation with Audit Committee from time to time.
The same was approved by the Shareholders at the AGM held on 9th July 2025.
COST AUDITOR
The Company maintains cost records for its products as specified by the Central
Government under sub- section (1) of Section 148 of the Act, and accordingly such accounts
and records are made and maintained in the prescribed manner.
M/s. J K & Co., Cost Accountants, Vijayawada (Firm Registration No.: 004010), were
appointed as the Cost Auditor to conduct the audit of the Company's cost records for the
financial year ended 31st March 2026. The Cost Audit Report, for FY 2025-26, will be filed
with the Central Government within the statutory timelines.
In accordance with the provisions of Section 148 of the Act read with the Companies
(Audit and Auditors) Rules, 2014, since the remuneration to be paid to the Cost Auditor
for FY 2025-26 is required to be ratified by the members, the Board of Directors
recommends the same for ratification at the ensuing AGM. The proposal forms a part of the
notice of the AGM.
M/s. J K & Co. Cost Accountants, Vijayawada (Firm Registration No.: 004010), are
appointed as the Cost Auditor to conduct the audit of the Company's cost records for the
financial year ended 31st March 2027. M/s. J K & Co. have confirmed their eligibility
for the said appointment.
ANNUAL RETURN
The Annual Return of the Company in prescribed Form MGT-7 is available on the website
of the Company at www.alufluoride.com.
SUBSIDIARIES
As on 31st March 2026, the Company had one subsidiary, i.e. Alufluoride International
Pte. Ltd., Singapore.
The Company does not have any joint venture / associate company(ies) within the meaning
of Section 2(6) of Companies Act, 2013.
Pursuant to the first proviso to Section 129(3) of the Act and Rule 5 and Rule 8(1) of
the Companies (Accounts) Rules, 2014, the salient features of financial statements,
performance and financial position of subsidiary is given in Form AOC-1 as Annexure C to
this Report.
AUDITORS' REPORT AND SECRETARIAL AUDITORS' REPORT
The Auditors' Report and Secretarial Auditors' Report does not contain any
qualifications, reservations or adverse remarks.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
The particulars of loans, guarantees and investments have been disclosed in the
financial statements.
MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE
COMPANY.
There are no material changes and commitment affecting the financial position of the
Company.
Corporate Social Responsibility
The Company has constituted a Corporate Social Responsibility (CSR) Committee in terms
of Section 135(1) of the Companies Act, 2013 read with Companies (Corporate Social
Responsibility Policy) Rules, 2014. The committee constitution is as follows as on 31st
March 2026:
| 1. Dr. Ravi Prasad Gorthy |
Chairman |
| 2. Sri Yugandhar Meka |
Member |
| 3. Sri Ashok Vemulapalli |
Member |
| 4. Smt. Jyothsana Akkineni |
Member |
| 5. Sri K. Purushotham Naidu |
Member |
| 6. Sri Aditya Akkineni |
Member |
The CSR activities, projects and programs that are undertaken by the Company are those
which are approved by the committee that is constituted / reconstituted by the Board of
Directors of the Company in this regard (CSR Committee). The CSR Committee approves the
undertaking of such activities, projects and programs as are covered under the following
areas set out in Schedule VII of the Companies Act, 2013. Our company is committed to
ensuring the social wellbeing of the society through its Corporate Social Responsibility
(CSR) initiatives. Our focus is on rural development programs, Swachh Bharat, promoting
education, promoting health care including preventive health care and sanitation
facilities to weaker sections of society through organizing health camps, meeting
operation expenditure of children and poor people.
In accordance with the provisions of Section 135 of the Companies Act, 2013, the Annual
Report on CSR Activities is given in Annexure E to this report.
DEPOSITS
The Company has not accepted any deposits during the year under review. As such no
amount of principal or interest was outstanding on the date of the Balance Sheet.
UNPAID / UNCLAIMED DIVIDEND
Out of the Interim Dividend amount of Rs. 156.41 lakhs declared by your directors
during the FY 2019-20, an amount of Rs. 7.68 lakhs remained unclaimed /unpaid as on
31.03.2026. Out of the Final Dividend amount of Rs. 78.40 lakhs, Rs. 156.41 lakhs, Rs.
234.61 lakhs and Rs. 234.61 lakhs declared by your directors during the FY 2021-22, FY
2022-23, FY 2023-24 and FY 2024-25, an amount of ' 3.40 lakhs and ' 6.56 lakhs, Rs. 10.94
lakhs and Rs. 9.85 lakhs respectively remained unclaimed/unpaid as on 31.03.2026.
Further, there is no amount(s) of Dividend which remained unclaimed for a period of 7
years and hence the requirement of transfer of such amount(s) to Investor Education &
Protection Fund (IEPF) doesn't arise.
INTERNAL CONTROL
The Company has proper and adequate systems of internal control to ensure all the
assets are safeguarded and protected against loss from unauthorized use or disposition and
the transactions are authorized, regarded and reported correctly. The internal control is
supplemented by an extensive program of internal audits, review by management and
procedures. The internal control is designed to ensure that the financial and other
records are reliable for preparing financial statements and other data, and for
maintaining accountability of assets.
The Company's Internal Audit Department is regularly carrying out the Audit in all
areas. Additionally, the Audit committee is reviewing all Audit Reports with significant
control, all issues raised by internal and external auditing regularly, reports on the
business development, all the past and the future plans are given to the Board of
Directors, Internal Auditor's reports are regularly circulated to all the senior
management to comply with the findings.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
Additional information on conservation of energy, technology absorption and foreign
exchange earnings and outgo as required to be disclosed in terms of Section 134(3) (m) of
the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014 is given in
Annexure D and forms part of this report.
POLICY ON PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
The Company always believed in providing an encouraging work environment devoid of
discrimination and harassment including sexual harassment and has adopted a policy in line
with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013 and the rules made thereunder. The objective of the policy is to
prohibit, prevent and address issues of sexual harassment at the workplace. The policy
covers all employees irrespective of their nature of employment and also applicable in
respect of all allegations of sexual harassment made by an outsider against an employee.
An Internal Complaints Committee (ICC) has also been set up to redress complaints received
on sexual harassment. No complaint was pending at beginning of the year, and none have
been received during the year.
VIGIL MECHANISM / WHISTLE BLOWER POLICY
Pursuant to the provisions of Section 177(9) of the Act, the Board of Directors of the
Company has framed the Vigil Mechanism / Whistle Blower Policy for Directors and Employees
of the Company. Under the said Policy, provisions have been made to safeguard persons who
use this mechanism from victimization.
The Policy also provides access to the Chairperson of the Audit Committee under certain
circumstances. The Whistle Blower Policy is uploaded on the website of the Company at
www.alufluoride.com.
EMPLOYEE RELATIONS
During the year under review, the company has enjoyed cordial relationship with all
sections of employees. The company believes that the employees play a vital role in
increasing the turnover and profitability of the company and the strength of the company
lies in harnessing the manpower in achieving sustained long-term growth in all spheres.
The Company provides health insurance for all employees and their families.
ENVIRONMENT & SAFETY MEASURES
Following the ISO Certifications of 9001, 14001 and OHSAS 45001 the Company will
continue taking all the necessary measures to maintain high standards of Environment,
Cleanliness and Green Belt, Water Harvesting, Pollution Control, Health and Safety
Precautions.
DISCLOSURES UNDER THE ACT
Change in Nature of Business, if any:
During the financial year 2025-26, there was no change in the nature of business of the
Company.
Significant and Material Orders:
The Company has not received any significant or material orders passed by any
regulatory authority, court or tribunal which shall impact the going concern status and
Company's operations in future.
Reporting of Frauds by Auditors:
During the year under review, there were no frauds reported by Auditors under Section
143(12) of the Act.
Details on Insolvency and Bankruptcy Code:
During the year under review, no application has been made by the Company nor is any
proceeding pending against the Company under the Insolvency and Bankruptcy Code.
Disclosure with respect to Valuation:
During the year under review there was no instance of onetime settlement with any Bank
or Financial Institution. Accordingly, disclosure relating to the details of difference
between amount of the valuation done at the time of onetime settlement and the valuation
done while taking loan from the Banks or Financial Institutions along with the reasons
thereof, is not applicable to the Company.
ACKNOWLEDGEMENT
Your Directors take this opportunity in expressing their gratitude to the Government of
India and the Andhra Pradesh, State Government. The Board is also thankful to all its
Bankers, Contractors, Customers and Shareholders for their unstinted support to the
Company.
| For and on behalf of the Board |
|
For ALUFLUORIDE LIMITED |
|
|
YUGANDHAR MEKA |
|
Chairman |
|
DIN: 00012265 |
|
VENKAT AKKINENI |
| Place : Hyderabad |
Managing Director |
| Date : 22nd May 2026 |
DIN: 00013996 |
