ALOK INDUSTRIES LTD. - 521070 - Announcement Under Reg 30 (LODR) - Increase In Authorised Share Capital
The Board at its meeting held on November 07, 2023, subject to approval of members of the Company and such other approvals as may be applicable, inter alia, has approved the reclassification and increase in authorised share capital and consequent alteration of Clause V of Memorandum of Association of the Company. ALOK INDUSTRIES LTD. - 521070 - Announcement under Regulation 30 (LODR)-Raising of Funds
The Board at its meeting held on November 07, 2023, subject to approval of members of the Company and such other approval as may be applicable, inter alia, approved the issue of 3300 crore 9% Non-Convertible Redeemable Preference Shares of Re.1/- each ("NCRPS") for cash at par aggregating upto Rs.3300 crore, in one or more tranches, on a private placement basis to Reliance Industries Limited. Terms of issue of NCRPS proposed are as under: a. Dividend @ 9% per annum on cumulative basis. b. Redeemable at par at any time at the option of the Company within a period not exceeding 20 years from the date of allotment. c. NCRPS will not be listed on any stock exchange. ALOK INDUSTRIES LTD. - 521070 - Board Meeting Outcome for Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations') - Outcome Of Board Meeting
The Board at its meeting held on November 07, 2023, subject to approval of members of the Company and such other approvals as may be applicable, inter alia, approved - 1. Reclassification and increase in authorised share capital and consequent alteration of Clause V of Memorandum of Association of the Company; and 2. Issue of upto 3300 crore 9% Non-Convertible Redeemable Preference Shares of ?1/- each ('NCRPS') for cash at par aggregating upto ?3300 crore, in one or more tranches, on a private placement basis to Reliance Industries Limited. Terms of issue of NCRPS proposed are as under: a. Dividend @ 9% per annum on cumulative basis; b. Redeemable at par at any time at the option of the Company within a period not exceeding 20 years from the date of allotment. c. NCRPS will not be listed on any stock exchange. The Board of Directors also approved the postal ballot notice in this regard. ALOK INDUSTRIES LTD. - 521070 - Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015: Issuance Of Non-Convertible Preference Shares
ALOK INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2023 ,inter alia, to consider and approve raising of funds through issuance of Non-Convertible Redeemable Preference Shares on a private placement basis, in one or more tranches, subject to such regulatory/ statutory approvals as may be required including the approval of the shareholders of the Company. ALOK INDUSTRIES LTD. - 521070 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copies of newspaper publication for the Unaudited Consolidated Financial Results for the quarter and half year ended 30th September, 2023, published in Business Standard (English) and Lokmitra (Gujarati) newspaper on 24th October, 2023 ALOK INDUSTRIES LTD. - 521070 - Statement Of Deviation Or Variation In The Use Of Proceeds Of Preferential Issue.
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please find attached a statement of deviation or variation for the quarter ended 30th September, 2023, duly reviewed by the Audit Committee. ALOK INDUSTRIES LTD. - 521070 - Board Meeting Outcome for Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
This is to inform that Mr. Bijay Agrawal, Chief Financial Officer of the Company will assume a new role as President -Commercial of the Company to head commercial function of the Company with effect from 24th October, 2023. A copy of letter received from Mr. Bijay Agrawal, intimating stepping down as Chief Financial Officer and Key Managerial Personnel of the Company is enclosed herewith. The Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, at its meeting held on 23rd October, 2023, has designated Mr. Vinod Sureka, Joint Chief Financial Officer as the Chief Financial Officer of the Company with effect from 24th October, 2023. ALOK INDUSTRIES LTD. - 521070 - Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 30Th September, 2023
Pursuant to Regulation 33 of the Sebi (Listing Obligations and Disclosures Requirements) Regulations, 2015, we enclose the unaudited financial results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2023, duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held today. The meeting of the Board of Directors commenced at 2:30 p.m. and concluded at 5:05 p.m. ALOK INDUSTRIES LTD. - 521070 - Board Meeting Intimation for Considering And Approving The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2023.
ALOK INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2023 ,inter alia, to consider and approve the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2023 ALOK INDUSTRIES LTD. - 521070 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We enclose herewith a certificate dated 5th October, 2023 issued by Link Intime India Private Limited, Registrar and Transfer Agent of the Company confirming the compliance of Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.