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	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 a premium o Rs.2 per equity share; and (2) 250,00,00,000 – 9% Optionally Convertible Preference Shares 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
Monitoring Agency Name, if applicable	Not Applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee after review	No Comments
Comments of the auditors, if any	No Comments
Objects for which funds have been raised and where there has been a deviation, in the following table	The funds have been raised for the purposes of, inter-alia (capital expenditure), implementation of the Resolution Plan dated April 12, 2018, as approved by the Hon’ble National Company Law Tribunal, Ahmedabad Bench vide its order dated March 8, 2019 read with the order dated July 26,2019.
Original Object	Modified Object, if any	Original Allocation	Modified allocation, any	Funds Utilised (Cumm ulative)	Amount of Deviation/Variatio for the quarter according to applicable object	n Remarks any
The funds have been raised for the purposes of, inter-alia (capital expenditure), implementation of the Resolution Plan dated April 12, 2018, as approved by the Hon’ble National Company Law Tribunal, Ahmedabad Bench vide its order dated March 8, 2019 read with the order dated July26,2019.	NA	NA	NA	270.48 Crores	NA	The total amount utilized till June 30, 2021 is Rs.270.48 crores and balance unutilized amount is Rs.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