Alok Industries Ltd. Corporate Filings & Announcements

Latest corporate announcements and filings from Alok Industries Ltd. on BSE

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Alok Industries Ltd.

25 Dec 2023

15.23

1.87%

AGM

ALOK INDUSTRIES LTD. - 521070 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

BSE India

The Company had sought approval of its members by way of postal ballot for i) Alteration of the Association of the company ii) Reclassification and increase of Authorised share capital iii) issue of non convertibles, redeemable Preference shares on private placement basis. Details of voting result of the postal ballot, conducted through remote e-voting process, in respect of resolutions contained in the postal ballot notice dated 7th November 2023 is attached in the format prescribed under regulation 44 (3) of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015 (Annexure- A) together with the scrutinizer''s report on the e-voting (Annexure-B). The said resolutions have been passed with the requisite majority on 23rd December 2023 (the last date of e-voting).

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Alok Industries Ltd.

25 Dec 2023

15.23

1.87%

AGM

ALOK INDUSTRIES LTD. - 521070 - Shareholder Meeting / Postal Ballot-Outcome of Postal Ballot

BSE India

The Company had sought approval of its members by way of Postal Ballot for i) Alteration of Article of Association of company ii) Reclassification and increase of authorized share capital iii) Issue of Non convertible, Redeemable preference shares on private placement basis Details of voting results of the Postal Ballot, conducted through remote e-voting process, in respect of Resolutions contained in the postal ballot notice dated 7th November 2023 is attached in the format prescribed under Regulation 44 (3) of the Securities and Exchange Board of India (Listing Obligations Disclosure Requirements) Regulations, 2015 (Annexure - A) together with Scrutinizers report on the E-voting. (Annexure - B) The said resolutions have been passed with the requisite majority on 23rd December 2023 (last date of E-voting).

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Alok Industries Ltd.

06 Dec 2023

15.23

1.87%

Company Update

ALOK INDUSTRIES LTD. - 521070 - Disclosure Under Regulation 30 Of The Securities And Exchange Board …

BSE India

The Company has today i.e. 6th December 2023 entered into facility agreements with State Bank of India for availing i) term loan of Rs. 1,750 crore for the purpose of repayment of existing term loans from banks as a part of financial restructuring; and ii) working capital facility of Rs. 90 crore for the purpose of meeting working capital requirements of the Company.

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Alok Industries Ltd.

24 Nov 2023

15.23

1.87%

Company Update

ALOK INDUSTRIES LTD. - 521070 - Announcement under Regulation 30 (LODR)-Newspaper Publication

BSE India

Please find attached the clippings of the notice of Postal Ballot published today, 24th November, 2023 in the following newspapers: ''Business Standard'' in English language; and ''Lokmitra'' in Gujarati language. This is for your information and records.

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Alok Industries Ltd.

22 Nov 2023

15.23

1.87%

AGM

ALOK INDUSTRIES LTD. - 521070 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

BSE India

Pursuant to Regulation 30 of the Listing Regulations, please find attached the Postal Ballot Notice dated 7th November, 2023, seeking approval of the members of the Company, by way of remote e-voting process for 1. Alteration of Articles of Association of the Company; 2. Reclassification and increase of Authorised Share Capital of the Company; 3. Issue of Non-convertible, Redeemable Preference Shares on Private Placement basis. Postal Ballot Notice is being sent only through electronic mode to the members whose names appear in the Register of Members/Register of Beneficial Owners, as on Friday, 17th November, 2023, received from Depositories and whose email address is registered with the Company/Registrar and Transfer Agent/Depository Participants/Depositories. The e-voting facility will be available during the following period: Commencement of e-voting: 9:00 a.m. on Friday, 24th November, 2023. End of e-voting : 5:00p.m. on Saturday, 23rd December, 2023.

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Alok Industries Ltd.

10 Nov 2023

15.23

1.87%

Company Update

ALOK INDUSTRIES LTD. - 521070 - Disclosure Under Regulation 30 Of The Securities And Exchange Board …

BSE India

The Company has today i.e. 10th November, 2023 entered into facility agreements with Axis Bank Limited for availing i) a term loan of Rs.1,750 crore for the purpose of repayment of existing term loan from banks as a part of financial restructuring; and ii) working capital facility of Rs.100 crore for the purpose of meeting working capital requirements of the Company.

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Alok Industries Ltd.

07 Nov 2023, 01:27PM

15.23

1.87%

Company Update

ALOK INDUSTRIES LTD. - 521070 - Announcement Under Reg 30 (LODR) - Increase In Authorised Share …

BSE India

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.

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Alok Industries Ltd.

07 Nov 2023, 01:17PM

15.23

1.87%

Company Update

ALOK INDUSTRIES LTD. - 521070 - Announcement under Regulation 30 (LODR)-Raising of Funds

BSE India

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.

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Alok Industries Ltd.

07 Nov 2023, 01:07PM

15.23

1.87%

Board Meeting

ALOK INDUSTRIES LTD. - 521070 - Board Meeting Outcome for Disclosure Under Regulation 30 Of The …

BSE India

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.

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Alok Industries Ltd.

02 Nov 2023

15.23

1.87%

Board Meeting

ALOK INDUSTRIES LTD. - 521070 - Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI …

BSE India

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.

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Is Alok Industries Ltd. worth buying?

2611 Votes:

Buy 76.02%

Sell 11.49%

Hold 12.49%