Alok Industries Ltd. — Capital/Financing Update 2021

Jul 19, 2021

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July 19, 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, Bandra (East), Mumbai 400 051

Scrip Code: 521070 Symbol: ALOKINDS

Dear Sirs,

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

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

Hitesh Kanani Company Secretary and Compliance Officer Membership No. F6188

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Statement of Deviation / Variation	Statement of Deviation / Variation	in utilisation of funds raised	in utilisation of funds raised	in utilisation of funds raised	in utilisation of funds raised	in utilisation of funds raised	in utilisation of funds raised	in utilisation of funds raised	in utilisation of funds raised
Name of listed entity		Alok Industries Limited
Mode of Fund Raising		Preferential Issue of (1) 83,33,33,333 equity shares of the face value of Re.1 for cash at apremium o Rs.2 per equity share; and (2) 250,00,00,000 – 9% Optionally Convertible PreferenceShares onpreferential basis of the face value of Re. 1/- each.
Date of Raising Funds		February28,2020(Date of Allotment)
Amount Raised		Rs.499,99,99,999/-
Report filed forQuarter ended		June 30,2021
Monitoring Agency		NotApplicable
MonitoringAgencyName, ifapplicable		Not Applicable
Is there a Deviation / Variation in		No
use of funds raised
If yes, whether the same ispursuant to change in terms of acontract or objects, which wasapproved by the shareholders		Not Applicable
If Yes, DApproval	ate of shareholder		Not Applicable
ExplanationVariation	for the Deviation /		Not Applicable
CommentsCommittee	oftheAuditafter review		No Comments
Comments of the auditors, if any		No Comments
Objects for which funds havebeen raised and where there hasbeenadeviation,inthefollowing table		The funds have been raised for the purposes of, inter-alia (capital expenditure), implementationof the Resolution Plan dated April 12, 2018, as approved by the Hon’ble National Company LawTribunal, Ahmedabad Bench vide its order dated March 8, 2019 read with the order dated July26,2019.
Original Object		ModifiedObject,if any		OriginalAllocation	Modifiedallocation,any	FundsUtilised(Cummulative)	Amount ofDeviation/Variatiofor the quarteraccording toapplicable object		nRemarksany
The funds have been raised for thepurposesof,inter-alia(capitalexpenditure),implementation ofthe Resolution Plan dated April 12,2018, as approved by the Hon’bleNational Company Law Tribunal,Ahmedabad Bench vide its orderdated March 8, 2019 read with theorder dated July26,2019.		NA		NA	NA	270.48Crores	NA		The total amountutilized till June 30,2021 is Rs.270.48crores and balanceunutilized amount isRs.229.51 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 Industries Limited

Hitesh Kanani Company Secretary and Compliance Officer Membership No. F6188