Alok Industries Ltd. — Capital/Financing Update 2021

Jan 18, 2021

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18 January 2021

BSE Limited. Listing Department, P.J. Towers, Dalal Street, Mumbai - 400 001 Fax No.: 2272 2037 / 2272 2039 Scrip Code.521070	National Stock Exchange of India Ltd, Exchange Plaza, 5th Floor, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 Fax No.: 2659 8237 / 2659 8238 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, we hereby confirm that there is no deviation or variation in the use of proceeds raised through Preferential Issue. A statement of deviation or variation, stating that there is no deviation or variation in the utilization of these proceeds, duly reviewed by the Audit Committee, is attached.

Kindly acknowledge the receipt.

Thanking you,

Yours truly,

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Encl: as above

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Statement of Deviation / Variation inutilisation of funds raised	Statement of Deviation / Variation inutilisation of funds raised	Statement of Deviation / Variation inutilisation of funds raised	Statement of Deviation / Variation inutilisation of funds raised	Statement of Deviation / Variation inutilisation of funds raised	Statement of Deviation / Variation inutilisation of funds raised	Statement of Deviation / Variation inutilisation 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 on preferential 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	December 31,2020
Monitoring Agency	Not Applicable
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 12th April, 2018, as approved by the Hon’ble National Company Law Tribunal, Ahmedabad Bench vide its order dated 8th March,2019 read with the order dated 26th July,2019.
Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised (Cumm ulative)	Amount of Deviation/Variati n for the quarter according to applicable object	o Remarks if any
The funds have been raised for the purposes of, inter-alia (capital expenditure), implementation of the Resolution Plan dated 12th April, 2018, as approved by the Hon’ble National Company Law Tribunal, Ahmedabad Bench vide its order dated 8th March, 2019 read with the order dated 26th July,2019.	NA	NA	NA	196.25 crores	NA	The total amount utilized till December 31, 2020 is Rs.196.25 crores and balance unutilized amount is Rs.303.74 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.

Yours truly,

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