Alankit Limited — Capital/Financing Update 2022

Dec 29, 2022

29[th] December, 2022

BSE Limited P. J. Towers, Dalal Street, Mumbai – 400 001

The National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, C-1, Block G, Bandra – Kurla Complex, Bandra (E), Mumbai – 400 051

Scrip Code: 531082 Symbol: ALANKIT

Sub: Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Members of Company at its Meeting held on Wednesday, 28 December, 2022 at 03:30 p.m., had, inter-alia, approved the:

1. Appointment of M/s. Nemani Garg Agarwal & Co., Chartered Accountants (FRN: 010192N), as the Statutory Auditors of the Company to fill in the casual vacancy caused by resignation of M/s. B K Shroff & Co, Chartered Accountants, and to hold the office till the conclusion of next Annual General Meeting. The details as required under Regulation 30 - Para A of Part A of Schedule III to the Listing Regulations are Annexed as Annexure A.

2. Increase in the Authorized Share Capital of the Company by altering the Capital Clause (Clause V) of Memorandum of Association of the Company.

“V. The Authorized Capital of the Company is Rs. 26,00,00,000 /- (Rupees Twenty Six Crores Only) divided into 26,00,00,000 (Twenty Six Crores) Equity shares of Re. 1.00 (Rupee One) each”.

1. Issuance of 8,16,00,000 Equity Shares and 2,88,00,000 Equity Shares, of face value of Re. 1/- each, on a Preferential Basis, at a price of Rs. 12.50/- per Equity Share (face value of Re. 1.00 per share and premium of Rs. 11.50 per share), to Promoter and Non-Promoter, pursuant to conversion of loan and on cash basis, respectively.

2. Increase in the borrowing powers under Section 180(1)(c) of the Companies Act, 2013 and Creation of charges, mortgages, hypothecation, etc., on the properties, assets and undertakings of the Company under Section 180(1)(a) of the Companies Act, 2013, for an amount not exceeding Rs. 500 Crores (Rupees Five Hundred Crores Only). Suchita Digitally signed by Suchita Kabra

Kabra Date: 2022.12.29 16:14:25 +05'30'

1. Increase in the threshold of loans/guarantees, providing of securities and making of investments in securities for an amount not exceeding Rs. 200 Crores (Rupees Two Hundred Crores Only).

This for your information and record

Thanking You. Yours Faithfully,

For ALANKIT LIMITED Suchita Digitally signed by Suchita Kabra Kabra Date: 2022.12.29 16:13:47 +05'30' SUCHITA KABRA COMPANY SECRETARY & COMPLIANCE OFFICER

Encl. a/a

Annexure A

The details as required under Regulation 30 - Para A of Part A of Schedule Ill to the Listing Regulations with respect to the aforesaid appointment of Statutory Auditor of the Company are given below:

Sl. No.	Particulars	Details
1.	Reason for change	Appointment of M/s. Nemani Garg Agarwal & Co., Chartered Accountants (FRN: 010192N), as the Statutory Auditors of the Company to fill in the casual vacancy caused due to the resignation of M/s. B K Shroff & Co, Chartered Accountants, and to hold the office till the conclusion of next Annual General Meeting.
2.	Date of Appointment	29th October,2022
3.	Brief Profile	Nemani Garg Agarwal & Co. is a leading chartered accountancy firm rendering comprehensive professional services which include Audit, Management Consultancy, Tax Consultancy, Accounting Services, Manpower Management, Secretarial Services, etc. The team consists of distinguished Chartered Accountants, Corporate Financial Advisors and Tax Consultants. The firm represents a combination of specialized skills, which are geared to offers sound financial advice and personalized proactive services. Those associated with the firm have regular interaction with industry and other professionals which enables the firm to keep pace with contemporary developments and to meet the needs of its clients.
4.	Disclosure of relationship between Directors	Not Applicable

Suchita Digitally signed by Suchita Kabra Kabra Date: 2022.12.29 16:14:08 +05'30'