Alankit Limited — Regulatory Filings 2020

Jun 9, 2020

Date: 09[th] June, 2020

To,

The General Manager The National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, 5[th] Floor, Bombay Stock Exchange Limited C-1, Block G, Bandra – Kurla Complex, P.J Towers, Dalal Street Bandra (E), Mumbai – 400001 Mumbai – 400051 Phones: 022 - 2272 3121, 2037, 2041 Phones: 022 - 2659 8237, 8238, 8347, 8348 Fax: 91-22-22721919 Fax No: (022) 26598120 corp.relations@bseindia.com cmlist@nse.co.in Security Code No. : 531082 Security Code No. : ALANKIT

- Subject: Disclosure on impact of CoVID 19 pandemic on the business as advised vide SEBI circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated May 20, 2020

Dear Sir(s),

Pursuant to regulation 30 of SERI LODR. and SEBI Circular No. SEBI/ HO/ CFD/ CMD1/ CIR/ P/ 2020/ 84 dated May 20, Please find enclosed herewith the disclosure of material impact of COVI-19 pandemic on Alankit Limited.

We request you to kindly take the aforesaid information on record.

Thanking you.

For ALANKIT LIMITED

Khushbo Digitally signed by Khushboo Arora o Arora Date: 2020.06.09 14:19:53 +05'30' KHUSHBOO ARORA COMPANY SECRETARY

Pursuant to regulation 30 of SEBI LODR and SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated May 20, 2020, we wish to inform you the following;

a. Impact of the CoVID-19 pandemic on the business ;

The offices of Alankit Limited were Shutdown w.e.f 25[th ] March, 2020 consequent to Government Directives in this regard on 23" March 2020., consequently, revenues and the profitability have seen some impact. The essential staffs have been attending the office and maximum staff is working from home and the business is running normally.

b. Ability to maintain operations including the office spaces functioning and closed down;

As explained in point (a), the Company has taken conscious decision through uninterrupted operations and ensuring a safe working environment. To ensure this, critical staffs have been asked to report to work at their locations. The Company has also made necessary arrangements to ensure that staffs are safe and comfortable at work.

The maximum staff has been asked to work from home, thereby ensuring regular operations, reporting and controls.

c. Schedule, if any, for restarting the operations;

As the maximum number of staff is working from home, hence restarting of the operations is not applicable.

d. Steps taken to ensure smooth functioning of operations;

The Company has put in place strict monitoring process for Covid19 ensuring the following

• Thermal Screening of all employees and visitors

• Sanitizing the premises and vehicles on regular basis

• Maintenance of social distancing at all work places

• Enforcing wearing of masks and regular cleaning of hands

• Regular update of the health of all the employees and their families

• Asking all employees to have Aarogya Setu App

The Company has been regularly conducting awareness programs for all its employees.

All customers and vendors of the Company have been communicated about the measures taken by the Company through mails, calls, whatsapp etc.

e. Estimation of the future impact of CoVID-19 on its operations; There has not been any material negative impact on the Company’s performance so far. We expect further improvements with the gradually opening of economy.

f. Details of impact of CoVID-19 on listed entity’s –

 capital and financial resources;

The Company does not plan to raise any capital in the near future and hence there is no impact. Further the Company is comfortably leveraged on the debt front and can raise further debt for expansion in future if situation demands

 profitability; As mentioned earlier, the Covid impact on profits will not be material.

 liquidity position;

The Company has been meeting all its financial obligations so far.

 ability to service debt and other financing arrangements;

The Company has not availed any moratorium. The Company has never in the past defaulted on any interest or loan payment and does not see any issue meeting future obligations too.

 assets;

None of the assets of the Company have been impacted or impaired by the Covid-19.

 internal financial reporting and control;

The Company has robust system in place and all its locations are well networked. Even during lockdown, all reporting systems worked seamlessly without any disruption.

• g. Existing contracts/agreements where non-fulfillment of the obligations by any party will have significant impact on the listed entity’s business;

The Company is in a position to honour all agreements with customers. Further, Discontinuance of Agreement with NSDL e- Governance Infrastructure Limited as a Tax Information Network facilitator for PAN, e-TDS statement filing services may not have any significant impact on our business, revenue and profitability of the Company as present business and the stream of new businesses will take care of any shortfall, if any.

h. Other relevant material updates about the listed entity’s business. Nil