The Board of Directors present this 38th Annual Report of the Company, along with the financial statements for the
financial year ended 31st March, 2025, in compliance with the provisions of the Companies Act, 2013, the rules and regulations
framed thereunder (“Act”) and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements),
Regulations 2015 (“Listing Regulations”).

FINANCIAL RESULTS:

The Company's performance (Standalone and Consolidated) for the financial year ended 31st March, 2025, is summarized
below:

TRANSFER TO RESERVES:

No amount is proposed to be transferred to Reserves.
DIVIDEND:

On account of the Loss After Tax reported by the Company
during the financial year 2024-25, the Board of Directors do
not recommend any dividend (previous year Nil).

The Dividend Distribution Policy of the Company approved
by the Board of Directors of the Company is in line with the
requirements of Listing Regulations. The Policy is available
on the Company's website and can be accessed through
the link: https://www.alokind.com/assets/pdf/investor-
relations/policies/Dividend Distribution Policy.pdf

There has been no change in the policy during the year
under review.

RESULTS OF OPERATIONS AND THE STATE OF COMPANY'S
AFFAIRS:

(a) The Highlights of the Company's Performance
(Standalone) for the Financial Year Ended 31st March,
2025, are as under:

Total sales of the Company decreased by 33.60% to
' 3,556.59 crore from ' 5,356.35 crore in the previous
year.

Domestic sales decreased by 36.15% to ' 2,712.72 crore
from ' 4,248.42 crore in the previous year.

Export sales decreased by 23.83 % to ' 843.87 crore
from ' 1,107.93 crore in previous year.

Operating EBITDA was ' 42.55 crore as compared to
EBITDA of ' 84.89 crore in the previous year.

Operating Profit Before Tax (PBT) was negative
at ' 768.81 crore as compared to negative PBT of
' 813.71 crore in the previous year.

The reported Loss After Tax for the year was ' 768.81
crore as compared to Loss After Tax of ' 813.71 crore.

(b) The Highlights of the Company’s Performance
(Consolidated) for the Financial Year Ended 31st
March, 2025, are as under:

The Company achieved a consolidated revenue of
' 3,708.78 crore lower by 32.69 % as compared to
consolidated revenue of ' 5,509.59 crore in the previous
year.

Operating EBITDA was ' 21.68 crore as compared to
EBITDA of ' 71.91 crore in the previous year.

Operating Profit Before Tax (PBT) was negative at
' 811.41 crore as compared to negative PBT of ' 849.74
crore in the previous year.

The reported consolidated Loss After Tax for the year
was ' 816.43 crore as compared to Loss After Tax of
' 846.82 crore in the previous year.

A detailed analysis of financial results and operations
is given in the Management Discussion and Analysis
Report, which forms part of this Annual Report.

CONSOLIDATED FINANCIAL STATEMENTS:

In accordance with the provisions of the Act and the Listing
Regulations read with Ind AS 110-Consolidated Financial
Statements, Ind AS 28-Investments in Associates and Joint
Ventures and Ind AS 31-Interests in Joint Ventures, the
Consolidated Audited Financial Statement forms part of this
Annual Report.

PARTICULARS OF LOANS, GUARANTEES AND
INVESTMENTS:

During the year under review, the Company has not
granted any loans, made any investments and provided any
guarantee or security. The particulars of the loans granted,
investments made and guarantee or security provided in the
earlier years are given in the standalone financial statement
(Refer Note 5 and 6 to the standalone financial statement).

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis Report for the year
under review, as stipulated under the Listing Regulations,
is presented in a separate section, which forms part of this
Annual Report.

CREDIT RATING:

The details of credit ratings are disclosed in the Corporate
Governance Report, which forms part of this Annual Report.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE
COMPANIES:

During the year under review, no company became / ceased
to be a subsidiary, joint venture or associate of the Company.

None of the subsidiaries is a 'Material Subsidiary' as defined
in the Listing Regulations. As required under Regulations
16(1)(c) of the Listing Regulations, the Board of Directors has
approved the Policy for determining Material Subsidiaries
(“Policy”). The details of the Policy are available on the
Company's website and can be accessed through the link:
https://www.alokind.com/assets/pdf/investor-relations/
policies/Material Subsidiaries.pdf There has been no
change in the policy during the year under review.

The audited financial statements including the consolidated
financial statements of the Company and all other
documents required to be attached thereto are available
on the Company's website and can be accessed through
the link: https://www.alokind.com/annualreport.html. The
financial statements of the subsidiaries, as required, are
available on the Company's website and can be accessed
through the link: https://www.alokind.com/financialresult.
html.

The development in business operations / performance
of the Subsidiaries / Joint Venture companies, is given in
Management Discussion and Analysis Report which forms
part of this Annual Report.

A statement providing details of performance and salient
features of the financial statements of Subsidiary / Joint
Venture companies, as per Section 129(3) of the Act, is
annexed to the Consolidated Financial Statements and
therefore not repeated in this Board's Report.

CORPORATE SOCIAL RESPONSIBILITY (“CSR”) INITIATIVES:

The CSR Policy of the Company inter alia includes CSR
activities to be undertaken by the Company in line with
Schedule VII of the Act. The Policy on CSR as approved by
the Board of Directors in accordance with the requirements
of the Act is available on the Company's website and can be
accessed through the link: https://www.alokind.com/assets/
pdf/investor-relations/policies/CSR Policy.pdf and is also
annexed herewith and marked as Annexure-1. There has
been no change in the policy during the year under review.

The average net profit of the Company made during the three
immediately preceding financial years was negative therefore,
the Company is not required to spend on CSR activities in
accordance with CSR policy adopted by the Board, during the
year under review.

Annual Report on CSR activities as prescribed under the
Companies (Corporate Social Responsibility Policy) Rules,
2014, is annexed herewith and marked as Annexure-2.

RISK MANAGEMENT:

The Company, like any other enterprise, is exposed to
business risks which can be internal risks as well as external
risks. Any unexpected changes in the regulatory framework
pertaining to fiscal benefits and other related issues can
affect our operations and profitability.

A key factor in determining a Company's capacity to
create sustainable value is the ability and willingness of
the Company to take risks and manage them effectively
and efficiently. However, the Company is well aware of the
above risks and as part of business strategy has put in a
mechanism to ensure that they are mitigated with timely
action.

The Company has an elaborate Risk Management
Framework, which is designed to enable risks to be identified,
assessed and mitigated appropriately. The Board of
Directors of the Company has constituted Risk Management
Committee which has, inter-alia, been entrusted with the
responsibility of overseeing implementation/ monitoring of
Risk Management Plan and Policy; and continually obtaining
reasonable assurance from Management that all known
and emerging risks have been identified and mitigated or
managed.

The current constitution and role of the Risk Management
Committee is in compliance with the requirements of
Regulation 21 of the Listing Regulations. Pursuant to the
provisions of the Act and Listing Regulations, the Company
has adopted Risk Management Policy. The details of the Risk
Management Policy are available on the Company's website
and can be accessed through the link: https://www.alokind.
com/assets/pdf/investor-relations/policies/Risk_Policy.
pdf. There has been no change in the Policy during the year
under review.

Further details on the Risk Management activities including
the implementation of Risk Management Policy, key risks
identified, and their mitigations are covered in Management
Discussion and Analysis section, which forms part of this
Annual Report. In the opinion of the Board of Directors,
none of these risks affect and/or threaten the existence of
the Company.

VIGIL MECHANISM AND WHISTLE - BLOWER POLICY:

Pursuant to the provisions of Section 177(9) of the Act, read
with the Rules made thereunder, the Company has adopted
a Whistle-Blower Policy for Directors and Employees to
report genuine concerns and to provide adequate safeguards
against victimization of persons who may use such
mechanism. The functioning process of this mechanism
has been more elaborately mentioned in the Corporate
Governance Report which forms part of this Annual Report.
The said Policy is available on Company's website and can be
accessed through the link: https://www.alokind.com/assets/
pdf/investor-relations/policies/Whistle_Blower_Policy.pdf.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

(i) Directors:

In accordance with the provisions of the Act and the
Articles of Association of the Company, Mr. Nirav
Parekh (DIN 09505075) and Mr. Anil Kumar Rajbanshi
(DIN 03370674), retire by rotation at the ensuing Annual
General Meeting. The Board of the Directors of the
Company based on recommendation of Nomination
and Remuneration Committee has recommended their
appointment.

The Board of Directors, based on performance evaluation
and as per the recommendation of the Nomination
and Remuneration Committee has commended the
re-appointment of Mr. A Siddharth (DIN: 00016278),
Ms. Mumtaz Bandukwala (DIN: 07129301) and Mr.
Rahul Dutt (08872616) as Independent Directors of
the Company for a second term of 5 (five) consecutive
years, effective 14th September, 2025 on completion of
their current term of office.

Further, the Board is also seeking requisite approval
of the Members pursuant to Regulation 17(1A) of the
Listing Regulations, for continuation of Mr. A Siddharth,
as an Independent Director on the Board, who will be
attaining the age of 75 years during the course of his
second term as Independent Director. In the opinion of
the Board, he possesses requisite expertise, integrity
and experience (including proficiency) for appointment
as an Independent Director of the Company and
the Board considers that, given his professional
background, experience and contributions made by
him during his tenure, the continued association of
Mr. A Siddharth would be beneficial to the Company.
Further, Mr. A Siddharth meets the description of
the role and capabilities required of an independent
director identified by the Nomination and Remuneration
Committee.

A detailed profile of Mr. Nirav Parekh, Mr. Anil Kumar
Rajbanshi, Mr. A Siddharth, Ms. Mumtaz Bandukwala
and Mr. Rahul Dutt along with additional information
required under Regulation 36(3) of the Listing
Regulations and Secretarial Standard on General
Meetings is provided separately by way of an Annexure
to the Notice of the AGM which forms part of this Annual
Report.

The Company has received declarations from all the
Independent Directors of the Company confirming that:

a) they meet the criteria of independence prescribed
under the Act and the Listing Regulations;

b) they have registered their names in the Independent
Directors' Databank;

c) they have complied with the Code for Independent
Directors prescribed in Schedule IV to the Act.

In the opinion of the Board, the Independent Directors
of the Company possess the requisite qualifications,
experience (including proficiency), expertise and
integrity.

The terms and conditions of appointment of
Independent Directors are also available on the
Company's website and can be accessed through the
link: www.alokind.com/assets/pdf/investor-relations/
policies/Terms and Conditions of Appointment of
the Independent Directors.pdf.

Changes in Key Managerial Personnel during the year
under review:

In the beginning of the financial year 2024-25, the following
officials of the Company, viz., Mr. Harsh Bapna, Chief
Executive Officer, Mr. Vinod Sureka, Chief Financial Officer
and Mr. Hitesh Kanani, Company Secretary were Key
Managerial Personnel of the Company.

During the year under review, the following changes took
place in the Key Managerial Personnel of the Company.

- Mr. Vinod Sureka resigned from the position of Chief
Financial Officer and Key Managerial Personnel of the
Company with effect from 1st June, 2024.

- Mr. Anil Kumar Mungad was appointed as Chief
Financial Officer and Key Managerial Personnel of the
Company with effect from 1st July, 2024.

At the end of the financial year 2024-25, the following
officials of the Company, viz., Mr. Harsh Bapna, Chief
Executive Officer, Mr. Anil Kumar Mungad, Chief
Financial Officer and Mr. Hitesh Kanani were Key
Managerial Personnel of the Company.

Subsequent to close of the financial year 2024-25,
the following changes took place in Key Managerial
Personnel of the Company :

- Mr. Anil Kumar Mungad stepped down as the Chief
Financial Officer and Key Managerial Personnel of the
Company with effect from 29th April 2025.

- Mr. Jinendra Kumar Jain was appointed as the Chief
Financial Officer and Key Managerial Personnel of the
Company with effect from 30th April 2025.

- Mr. Hitesh Kanani resigned as the Company Secretary
and Compliance Officer of the Company with effect from
2nd May 2025.

- Mr. Anshul Kumar Jain was appointed as the Company
Secretary and Compliance Officer of the Company with
effect from 5th May 2025.

Following are the Key Managerial Personnel of the
Company as on date of this Report:

a. Mr. Harsh Bapna, Chief Executive Officer;

b. Mr. Jinendra Kumar Jain, Chief Financial Officer;
and

c. Mr. Anshul Kumar Jain, Company Secretary;

The Board on the recommendation of the Nomination and
Remuneration Committee has framed Policy for Selection
of Directors and Determining Directors' Independence
and Remuneration Policy for Directors, Key Managerial
Personnel and Other Employees in compliance with Section
178(3) of the Act and Regulation 19 of the Listing Regulations
and the same are available on the Company's website and
can be accessed through the link: https://www.alokind.com/
assets/pdf/investor-relations/policies/Policy for Selection
of Directors and Determining Directors' Independence.
pdf and https://www.alokind.com/assets/pdf/investor-
relations/policies/Remuneration Policy.pdf, respectively.

The Policy for Selection of Directors and determining
Directors' Independence sets out guiding principles for
Nomination and Remuneration Committee for identifying
persons who are qualified to become directors and
determining directors' independence, if the person is
intended to be appointed as independent director. There has
been no change in the policy during the year under review.

The Remuneration Policy for Directors, Key Managerial
Personnel and Other Employees sets out guiding principles
for Nomination and Remuneration Committee for
recommending to the Board the remuneration of Directors,
Key Managerial Personnel and other employees. There has
been no change in the policies during the year under review.

PERFORMANCE EVALUATION:

The Company has a policy for performance evaluation
of the Board, Committees and other Individual Directors
(including independent directors) which includes criteria
for performance evaluation of Non-executive Directors and
Executive Directors.

In accordance with the manner of evaluation specified by
the Nomination and Remuneration Committee, the Board
carried out annual performance evaluation of the Board,
its Committees and Individual Directors. The independent
directors carried out annual performance evaluation of
the Chairman, the non-independent directors and the
Board as a whole. The Chairperson of the respective
Committees shared the report on evaluation with the
respective Committee member(s). The performance of each
Committee was evaluated by the Board, based on the report
of evaluation received from respective Committees.

A consolidated report was shared with the Chairman of the
Board for his review and giving feedback to each Director.

MEETINGS OF THE BOARD:

Eight meetings of the Board of Directors were held during
the year. The particulars of meetings held and attendance
of each director are detailed in the Corporate Governance
Report forming part of this Annual Report.

BOARD COMMITTEES:

The composition of the Committees as on March 31,2025 is
as under:

A. Audit Committee:

The Audit Committee comprises Mr. A. Siddharth
(Chairman), Ms. Mumtaz Bandukwala, Mr. Rahul Dutt
and Mr. V. Ramachandran.

During the year under review, all the recommendations
made by the Audit Committee were accepted by the
Board.

B. Nomination and Remuneration Committee:

The Nomination and Remuneration Committee
comprises Mr. Rahul Dutt (Chairman), Mr. A. Siddharth,
and Mr. Hemant Desai.

C. Stakeholders Relationship Committee:

The Stakeholders Relationship Committee comprises
Mr. Anil Kumar Rajbanshi (Chairman), Ms. Mumtaz
Bandukwala, Mr. A. Siddharth, and Mr. V. Ramachandran.

D. Corporate Social Responsibility and Governance
Committee:

The Corporate Social Responsibility and Governance
Committee comprises Ms. Mumtaz Bandukwala
(Chairperson), Mr. Rahul Dutt, and Mr. V. Ramachandran.

E. Risk Management Committee:

The Risk Management Committee comprises
Ms. Mumtaz Bandukwala (Chairperson), Mr. Anil Kumar
Rajbanshi, and Mr. V. Ramachandran.

F. Managing Committee [Voluntary Committee]:

The Board has constituted a voluntary committee known
as the 'Managing Committee' to manage the day-to-day
affairs of the Company and authorised to take all such
decisions and actions as may be required to be taken in
the ordinary course of the business.

During the year under review, the Managing Committee
was re-constituted by appointing Mr. Harsh Bapna and
Mr. Anil Kumar Mungad as members of the Committee
and Mr. Vinod Sureka and Mr. Bijay Agrawal ceased to
be members of the Committee.

The Manging Committee as on 31st March, 2025
comprises Mr. V. Ramachandran, Mr. Harsh Bapna, Mr.
Anil Kumar Mungad and Mr. Rajbir Saini.

The Managing Committee was further re-constituted
post closure of the financial year by appointing Mr.
Jinendra Kumar Jain as member of the Committee and
Mr. Anil Kumar Mungad ceased to be member of the
Committee.

The Managing Committee as on date of this report
comprises Mr. V. Ramachandran, Mr. Harsh Bapna, Mr.
Jinendra Kumar Jain and Mr. Rajbir Saini.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 134 of the Act,
with respect to Directors' Responsibility Statement, your
Directors state that:

(i) in the preparation of the annual accounts for the
financial year ended 31st March, 2025, the applicable
accounting standards read with requirements set out
under Schedule III to the Act have been followed and
there are no material departures from the same;

(ii) the Directors have selected such accounting policies
and applied them consistently and made judgements
and estimates that are reasonable and prudent so as
to give a true and fair view of the state of affairs of the

Company as at 31st March, 2025 and of the losses of the
Company for the financial year ended on that date;

(iii) the Directors have taken proper and sufficient care
for the maintenance of adequate accounting records
in accordance with the provisions of the Act for
safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

(iv) the Directors have prepared the annual accounts for
the financial year ended 31st March, 2025 on a going
concern basis;

(v) the Directors have laid down internal financial controls
to be followed by the Company and that such internal
financial controls are adequate and are operating
effectively; and

(vi) the Directors have devised proper systems to ensure
compliance with the provisions of all applicable laws
and that such systems are adequate and operating
effectively.

CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

During the year under review:

a) All contracts / arrangements / transactions entered
by the Company during the financial year with related
parties were in the ordinary course of business and on
arms' length basis.

b) The contracts / arrangements / transactions with
related parties which are required to be reported in
Form No. AOC-2 in terms of Section 134(3)(h) read with
Section 188 of the Act and Rule 8(2) of the Companies
(Accounts) Rules, 2014 is annexed herewith and marked
as Annexure - 3 to this Report.

The Policy on Materiality of Related Party Transactions and
on dealing with Related Party Transactions as approved by
the Board is available on the Company's website and can be
accessed at https://www.alokind.com/assets/pdf/investor-
relations/policies/Policy on Materiality of RPT.pdf. There
has been no change in the policy during the year under
review.

There were no materially significant related party
transactions which could have potential conflict with the
interests of the Company at large.

Members may refer to Note 39 of the Standalone Financial
Statement which sets out related party disclosures pursuant
to Ind AS.

INTERNAL FINANCIAL CONTROLS:

The Company has adequate system of internal financial
controls to safeguard and protect the Company from
loss, unauthorized use or disposition of its assets. All the
transactions are properly authorized, recorded and reported
to the Management. The Company is following the applicable
Accounting Standards for properly maintaining the books of
accounts and reporting Financial Statements.

The internal financial controls have been embedded in the
business processes. Assurance on the effectiveness of
internal financial controls is obtained through management
reviews, continuous monitoring by functional leaders as well
as testing of the internal financial control systems by the
internal auditors during the course of their audits.

The Audit Committee reviews the adequacy and
effectiveness of Company's Internal Controls and monitors
the implementation of audit recommendations.

AUDITOR AND AUDITORS REPORT:

(a) Statutory Auditors:

S R B C & CO LLP, Chartered Accountants will complete
their present term on conclusion of the ensuing Annual
General Meeting.

The Auditors' Report does not contain any qualification,
reservation, adverse remark or disclaimer. The Notes
on financial statement referred to in the Auditors'
Report are self-explanatory and do not call for any
further comments.

The Board has recommended the appointment of
M/s. Chaturvedi & Shah LLP, Chartered Accountants,
(ICAI Regn. No.101720W/W100355) as Auditors of the
Company, for a period from the conclusion of thirty -
eighth Annual General Meeting till the conclusion of
forty - third Annual General Meeting of the Company.

M/s. Chaturvedi & Shah LLP have confirmed their
eligibility and qualification required under the Act for
holding the office as Auditors of the Company.

(b) Cost Auditors:

Pursuant to the provisions of Section 148 of the Act,
read with the Rules made thereunder, the Company has
appointed B.J.D. Nanabhoy & Co., Cost Accountants,
Mumbai (Reg. No. FRN-000011) to undertake the audit
of the cost records of the Company for the financial year
ended 31st March, 2025.

The remuneration payable to the Cost Auditors is
required to be placed before the Members in a general
meeting for their ratification and the same forms part of
the Notice convening the AGM.

In accordance with the provisions of Section 148(1)
of the Act, read with the Rules made thereunder, the
Company has maintained cost accounts and records.

(c) Secretarial Auditors:

The Board had appointed Mr. Virendra G Bhatt,
Company Secretaries, to conduct Secretarial Audit
of the Company for the financial year 2024-25.
The Secretarial Audit Report relating thereto is annexed
herewith and marked as Annexure 4 to this Report.
The Secretarial Audit Report does not contain any
qualification, reservation, adverse remark or disclaimer.

In accordance with the provisions of Section 204
of the Act read with Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014
and Regulation 24A of the Listing Regulations, the Board
has recommended to the Members of the Company
the appointment of Mr. Virendra G Bhatt, Practicing
Company Secretary (Membership No.: A1157; Certificate
of Practice No.: 124), as the Secretarial Auditor of the
Company for a term of 5 (five) consecutive financial
years, commencing from the financial year 2025-26 to
the financial year 2029-30 to conduct Secretarial Audit
of the Company. They have confirmed their eligibility
and qualification required under the Act and the Listing
Regulations for holding the office, as the Secretarial
Auditor of the Company.

CORPORATE GOVERNANCE:

The Company is committed to maintain the highest
standards of Corporate Governance and adheres to
the Corporate Governance requirements set out by the
Securities and Exchange Board of India. The Company
has also implemented several best governance practices.
The Corporate Governance Report as stipulated under
the Listing Regulations forms part of this Annual Report.
Certificate from the Secretarial Auditor of the Company
confirming compliance with the conditions of Corporate
Governance is attached to the Corporate Governance Report.

COMPLIANCE OF SECRETARIAL STANDARDS:

The Company has followed the applicable Secretarial
Standards, with respect to Meetings of the Board of Directors
(SS-1) and General Meetings (SS-2) issued by the Institute of
Company Secretaries of India.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY
REPORT:

In accordance with the Listing Regulations, the Business
Responsibility and Sustainability Report describing the
initiatives taken by the Company from an environmental,
social and governance perspective is available on the
Company's website and can be accessed through the link:
https://www.alokind.com/assets/pdf/investor-relations/
general-meetings/2024-25/Business_Responsibility_and_
Sustainability_Report.pdf

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNINGS AND OUTGO:

The disclosure of particulars with respect to Conservation
of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo as required pursuant to provisions
of Section 134(3)(m) of the Act, read with the Rules
made thereunder, is annexed herewith and marked as
Annexure - 5.

ANNUAL RETURN:

The Annual Return of the Company as on 31st March, 2025,
is available on the Company's website and can be accessed
through the link: https://www.alokind.com/qeneralmeetinq.
html.

PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE:

The Company has complied with the provisions relating
to the constitution of Internal Complaints Committee
under the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 ("POSH
Act”) and Rules made thereunder.

During the year under review:

a. Number of complaints of sexual harassment received in
the year - Nil

b. Number of complaints disposed off during the year - Nil

c. Number of cases pending for more than ninety days -
Nil

MATERNITY BENEFIT ACT 1961:

The Company has complied with all the provisions of the
Maternity Benefit Act, 1961.

INDUSTRIAL RELATIONS:

Industrial relations have been cordial at all the manufacturing
units of the Company.

PARTICULARS OF EMPLOYEES:

In terms of Section 197(12) of the Act read with Rules 5(2)
and 5(3) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, a statement showing
the names of the top ten employees in terms of remuneration
drawn and names and other particulars of the employees
drawing remuneration in excess of the limits set out in the
said rules forms part of this Board's Report. Disclosures
relating to remuneration and other details as required
under Section 197(12) of the Act read with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 forms part of this Board's Report.

Having regard to the provisions of the second proviso
to Section 136(1) of the Act and as advised, the Annual
Report excluding the aforesaid information is being sent
to the Members of the Company. Any Member interested
in obtaining such information may write their e-mail to
investor.relations@alokind.com.

GENERAL DISCLOSURE:

Your Directors state that no disclosure or reporting is
required in respect of the following matters as there were no
transactions on these matters during the year under review:

1. Details relating to deposits covered under Chapter V of
the Act.

2. Issue of equity shares with differential rights as to
dividend, voting or otherwise.

3. Issue of shares (including sweat equity shares and
ESOS) to Directors and employees of the Company
under any scheme.

4. None of Directors of the Company have received
any remuneration or commission from any of its
subsidiaries.

5. No fraud has been reported by the Auditors to the Audit
Committee or the Board.

6. There has been no change in the nature of business of
the Company.

7. There has been no change in capital structure of the
Company.

8. The Company has not issued any warrants, debentures,
bonds or any non-convertible securities.

9. The Company has not bought back its shares, pursuant
to the provisions of Section 68 of Act and the Rules
made thereunder.

10. The Company does not have any scheme of provision of
money for the purchase of its own shares by employees
or by trustees for the benefit of employees.

11. Statement of deviation or variation in connection with
preferential issue.

12 The financial statements of the Company were not
revised.

13. The Company has not failed to implement any corporate
action.

14. No significant or material orders were passed by
the Regulators or Courts or Tribunals, which impact
the going concern status and Company's operations
in future.

15. There are no material changes and commitments
affecting the financial position of the Company, which
have occurred between the end of the financial year
upto the date of this Annual Report. Further, there are
no other development during the year which can be
considered as material.

16. There was no application made/ proceeding pending
under the Insolvency and Bankruptcy Code, 2016.

17. There was no instance of one-time settlement with any
Bank or Financial Institution.

ACKNOWLEDGEMENTS:

The Board of Directors wish to place on record its deep
sense of appreciation for the committed services by all
the employees of the Company. The Board of Directors
would also like to express their sincere appreciation for the
assistance and co-operation received from the government
and regulatory authorities, stock exchanges, depositories,
banks, customers, vendors and Members during the year
under review.

For and on behalf of the Board of Director
Alok Industries Limited

Place: Navi Mumbai A. Siddharth

Date: 17th July, 2025 Chairman