Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Belisev Fashion Establishments Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alok Knit Exports Pvt Ltd
Loss-making Alok Industries considering demerger
Textile company Alok Industries Ltd, which has been making consecutive, growing losses since the September 2015 quarter, is considering de-merging its operations into either two or three units, so that these can be individually sold. The company's debt, compounded by growing losses - loss for the Q3 December 2016 quarter was over Rs. 856 crore - have now ballooned to over Rs. 17,000 crore. ET previously reported that some textile companies and private equity firms have been looking at buying Alok Industries. Small industries' lender SIDBI had filed a winding up petition against the textile company in November last year. Previously, Deloitte had resigned as the auditors of Alok Industries in December 2015, raising concerns about the use of finances, since auditors rarely resign in the middle of a financial year. The company's share price has never recovered since its stock price collapse in early January 2008, when it peaked at Rs. 102.7. It is now trading in the single digits, 43% lower than its 52 week high of Rs. 5.41 Updates
We would like to inform you that our Registrar and Share Transfer Agent M/s. Link Intime India Private Limited has changed its Registered Office/Mumbai Operations to below mentioned address (effective 27th February 2017): M/s. Link Intime India Private Limited C 101, 247 Park, LBS Marg, Vikhroli (West) Mumbai-400083 Tel No.: 022 49186000 Fax No.: 022 49186060 Email Id: rnt.helpdesk@linkintime.co.in mumbai@linkintime.co.in... Updates
We have to inform you that Mrs. Thankom Mathew (whose profile is attached herewith) , R/o. Flat No. 011/ Building 19A, Phase 2, Kohinoor City, Kirol Road, off. LBS Marg, Kurla (W), Mumbai- 400070, has been appointed as an Additional Independent Director effective from 04.03.2017 through resolutions passed by the Board of Directors of the Company through circulation. We also have to inform you that Mrs. Thankom Mathew is not related to any of the... Updates
We have to inform you that Mrs. Thankom Mathew (whose profile is attached herewith) , R/o. Flat No. 011/ Building 19A, Phase 2, Kohinoor City, Kirol Road, off. LBS Marg, Kurla (W), Mumbai- 400070, has been appointed as an Additional Independent Director effective from 04.03.2017 through resolutions passed by the Board of Directors of the Company through circulation. We also have to inform you that Mrs. Thankom Mathew is not related to any of the... Appointment of Nominee Director
Alok Industries Ltd has informed BSE that Mr. Sachikanta Mishra, Chief General Manager of IFCI Limited presently residing at Flat No. 214, Venus Apartments, Near Taj Vivanta, Cuffe Parade, has been appointed as a Nominee Director of IFCI Limited on the Company's Board effective from February 09, 2017. Standalone Financial Results, Limited Review Report for December 31, 2016
Alok Industries Ltd has informed BSE about : 1. Standalone Financial Results for the period ended December 31, 20162. Standalone Limited Review for the period ended December 31, 2016 Change in Directorate
Alok Industries Ltd has informed BSE that Mr. Kamalkishore Jani, Independent Director of the Company has tendered his resignation effective from January 08, 2017 due to personal reasons.Further, the Company has appointed Mr. Keshav D. Hodavdekar, as an Additional Independent Director effective from February 09, 2017 through resolutions passed by circulation by the Board of Directors. Board Meeting postponed on Feb 14, 2017
With reference to the earlier letter dated February 03, 2017, about the Meeting of the Board of Directors of the Company on February 13, 2017, inter alia, to consider the Un-audited Financial Results (Reviewed) of the Company for the quarter ended December 31, 2016.In this connection, Alok Industries Ltd has now informed BSE that in view of the unavailability of some of the Directors, the Company has decided to postpone the Board Meeting...