Alok Industries Ltd. — Capital/Financing Update 2021

Oct 18, 2021

181h October, 2021

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Sandra (East), Mumbai 400 051

Scrip Code: 521070

Symbol: ALOKINDS

Dear Sir(s),

Sub: Statement of deviation or variation in the use of proceeds of Preferential Issue.

Mumbai - 400 013. Tel.: 91 22 6178 7000 Fax: 91 22 6178 7118

ALDK INDUSTRIES LIMITED

Peninsula Business Park, Tower B, 2nd & 3rd Floor, Ganpatrao Kadam Marg, Lower Parel,

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith a statement of deviation or variation, duly reviewed by the Audit Committee.

Kindly acknowledge the receipt.

Thanking you,

Yours faithfully, For Alok Industries Limited

fItO}STfi>, 0-,C,l.t"' 6 C Hitesh Kanani *.>* ,.. o"'>f Company Secreta d Compliance Officer Membership No. F6188

Encl.: As above

Regd. Off.: 17/5/1, 521/1, Village Rakholi / Saily, Silvassa - 396 230. ( Union Territory of Dadra and Nagar Haveli ) Tel.: 0260-6637000 Fax : 0260-2645289 Visit us at : www.alokind.com CIN : L17110DN1986PLC000334

ALDK INDUSTRIES LIMITED

Peninsula Business Park, Tower B, 2nd & 3rd Floor, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013. Tel.: 91226178 7000 Fax : 91226178 7118

Statement of Deviation I Variation in utilisation of funds raised
Name of listed entity	Alok Industries Limited
Mode of Fund Raising	Preferential Issue of (1) 83.33,3.3,333 equity shares of the face value ot Re.1 for cash at a premiumof Rs.2 per equity share; and (2) 250,00,00,000 - 9% Optio!lally Co!lvertible Preferer.ce Shareson preferential basis of the face value of Re. 1/- each.
Date of Raising Funds	February 28, 2020 (Date of /\llotrr.cntl
Amount Raised	Rs.499,99,99,999/-
Report filed for Quarter ended	30th September, 2021
Monitorina Aaencv	Not Applicable
ifMonitoringAgencyName,applicable	Not Applicable
Is there a Deviation I Variation inuse of funds raised	No
If yes, whether the same ispursuant to change in terms of acontract or objects, which wasapproved by the shareholders	Not Applicable
of shareholderIf Yes,DateApproval	Not Applicable
Explanation for the Deviation IVariation	Not Applicable
CommentsofAudittheCommittee after review	No Comments
Comments of the auditors, if any	No Comments
Objects for which funds havebeen raised and where there hasbeen a deviation, in the followingtable	The funds have been raised for the purposes of, ir,ter-alia (capital expe:r.diture), imp!cmentation ofthe Resolution Plan dated April 12, 2018, as approved by the Hon'ble National Co:np~ny LawTribunal, Ahmedabad Bench vide its order dated March 8, 2019 read with t11e or:!er dated July 26,2019.
Original Object	ModifiedObject,if any	OriginalAllocation	Modifiedallocation,any	FundsUtilised(Gummulative)	Amount ofDeviationNariatiofor the quarteraccording toapplicable object	Remarksany
The funds have been raised for thepurposesof,inter-alia(capitalexpenditure), implementation of theResolution Plan dated April 12,2018, as approved by the Hon'bleNational Company Law Tribunal,Ahmedabad Bench vlde Its orderdated March 8, 2019 read with theorder dated July 26, 2019.	NA	NA	NA	309.87Crores	NA	The total amountutilizedtillJQlhSeptember, 2021 isRs. 309.87 Crorcsandbalanceunutilized amount isRs. 190.12 Crores.

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.

For Alok Indus

M~~:nani

Company S~cr Compliance Officer Membership No. F6188

Regd. Off.: 17/5/1, 521/1, Village Rakholi / Saily, Silvassa - 396 230. ( Union Territory of Oadra and Nagar Haveli ) Tel.: 0260-6637000 Fax : 0260-2645289 Visit us at : www.alokind.com GIN : L 17110DN1986PLC000334