Alok Industries share news, announcements and annual reports
NSE: ALOKINDSBSE: 521070Textiles & ApparelsSmall Cap
Alok Industries Limited · Formerly Alok Textile Industries · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 1993 on BSE, Jul 2010 on NSE
Last close ₹8.08down ₹0.48 (5.61%)BSE ₹8.09
Share price at the NSE close on 30 Oct 2026. Previous close ₹8.56.
30 Oct: open ₹8.53, high ₹8.53, low ₹8.04
52-week range of traded prices to 30 Oct 2026
₹6.92Low, 1 Oct 2026₹17.69High, 30 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹4,012 Cr682nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −3.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 84,52,87047.1% delivered
Alok Industries share news and announcements
955 announcements, routine notices left out, newest first. Page 19 of 20.
Mar 2008
26 Mar · Business
Alok Industries Limited, flagship company of the Alok group with interests in textiles and infrastructure is on stream with financing plans for its infrastructure ventures. Alok's team of merchant bankers are in talks with private equity players and investment bankers and are confident of achieving closing in the near future. Company officials have also informed that the few forex trades that the company has entered into are mainly capital hedge trades and they are comfortable with the present positions on this account. These trades are in line with the company's stated policy for forex risk management to primarily hedge its payables and receivables.12 Mar · Updates
Our company has taken a 50% stake in Ashford Infotech Private Limited, a part of the Ashford Group, through a wholly owned subsidiary, Alok Infrastructure Private Limited for the joint development of realty projects. Ashford Infotech Private Limited, now a joint venture company between Alok Group and the Ashford group, has recently purchased the Bhandup land of CEAT Limited, admeasuring around 6.92 acres for around Rs.130 crores and is proposed to be the first property to be taken up for development under the above mentioned joint venture.7 Mar · Rating
Credit Analysis & Research Limited have vide their letter dated March 5, 2008 reaffirmed the 'PR1'(PR One) rating of the Company's Commercial Paper / Mibor linked Short Term Non Convertible Debentures / Short Term Debt program for an amount aggregating to Rs.500 crores (size enhanced from Rs.300 crore) for a maturity not exceeding one year. The said rating is valid for a period of one year from the date of the rating letter
Feb 2008
27 Feb · Allotment of shares/ warrants
Alok Industries Limited had informed the Exchange regarding Postal ballot Results passed on February 14, 2008. The Company has now informed the Exchange that the Executive Committee of Board of Directors of the Company at its meeting held on February 26, 2008, pursuant to resolution passed through postal ballot under section 81 and 81(1A) of the Companies Act, 1956 on February 14, 2008, has issued and allotted the equity shares and warrants convertible into equity shares as per SEBI Guidelines for Preferential Allotment to, the Promoters group, as per the details. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.27 Feb · Conversion of FCCBs
Issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. We have received three conversion notices from our Paying, Conversion and Transfer Agent for conversion of 61 FCCBs of USD 50000 each aggregating to USD 3.05 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 26th February 2008 issued and allotted 21,24,969 equity shares of the face value of Rs. 10.00 each for cash at a premium of Rs. 61.5875 per share to the allottee as an outcome of conversion of above referred FCCBs. By virtue of conversion of 61 FCCBs referred above, the number of FCCBs and amount outstanding stands at 475 and USD 23.75 million respectively. Further by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 18,41,16,207 equity shares of the face value of Rs. 10/- each to 18,62,41,176 equity shares of the face value of Rs. 10/- each.26 Feb · Resolution passed by the shareholders
Resolution passed pursuant to section 192A (2) of the Companies Act, 1956 read with the Companies(Passing of the Resolution by Postal Ballot) Rules 2001 by the members of the Company on February 14, 2008 providing their consent under section 81 and 81(1A) of the Companies Act, 1956 Consent under section 81 (1A) of the Companies Act,1956 authorising the Board of Directors/Executive Committee of Board of Directors to offer, issue and allot equity shares having face value of Rs 10/- each and Warrants convertible in to equity shares to Jiwrajka Associates Private Limited on preferential allotment basis. Further note that the allotment of equity shares / warrants will be in accordance with the provisions of the SEBI Guidelines for Preferential Allotment in this regard within the statutory time period and outcome of the Board / Committee of Directors will be informed subsequently. The copy of the Resolutions passed, shall be available on the NSE website. (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 Feb · Results
Members of the Company, by way of Postal Ballot, have on February 14, 2008 passed the Special Resolutions / Ordinary Resolutions, with requisite majority. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.14 Feb · Conversion of FCCBs
Issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated February 14, 2008, that: "We have received one conversion notice from our Paying, Conversion and Transfer Agent for conversion of 52 FCCBs of USD 50000 each aggregating to USD 2.60 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 14th February 2008 issued and allotted 18,07,975 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share to the allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 52 FCCBs referred above, the number of FCCBs and amount outstanding stands at 536 and USD 26.80 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 18,23,08,232 equity shares of the face value of Rs.10/- each to 18,41,16,207 equity shares of the face value of Rs.10/- each".12 Feb · Conversion of FCCBs
Issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated February 12, 2008, that: "We have received six conversion notice from our Paying, Conversion and Transfer Agent for conversion of 29 FCCBs of USD 50000 each aggregating to USD 1.45 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 12th February 2008 issued and allotted 10,07,467 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share to the allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 29 FCCBs referred above, the number of FCCBs and amount outstanding stands at 588 and USD 29.40 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 18,13,00,765 equity shares of the face value of Rs.10/- each to 18,23,08,232 equity shares of the face value of Rs.10/- each".
Jan 2008
31 Jan · Board meeting
Board of Directors of the Company at its meeting held on January 31, 2008, the following matters were considered/ decided/ noted: 1) To reclassify the Authorized Share Capital of the Company. After reclassification, the Authorized Share Capital stands divided into 27,50,00,000 Equity Shares of Rs.10/- each and 2,50,00,000 Preference Shares of Rs.10/- each;. Further the Company has submitted the annexure containing details of the Notable Events during the Quarter ended December 31, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.31 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 55078 lacs for quarter ending on 31-DEC-2007 against Rs. 47992 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 4880 lacs for the quarter ending on 31-DEC-2007 against Rs. 3706 lacs for the quarter ending on 31-DEC-2006.25 Jan · Conversion of FCCBs
Issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated January 25, 2008, that: "We have received one conversion notice from our Paying, Conversion and Transfer Agent for conversion of 33 FCCBs of USD 50000 each aggregating to USD 1.65 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 25th January 2008 issued and allotted 11,44,386 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share to the allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 33 FCCBs referred above, the number of FCCBs and amount outstanding stands at 617 and USD 30.85 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 18,01,56,379 equity shares of the face value of Rs.10/- each to 18,13,00,765 equity shares of the face value of Rs.10/- each."24 Jan · Conversion of FCCBs
Issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated January 24, 2008, that: "We have received one conversion notice from our Paying, Conversion and Transfer Agent for conversion of 83 FCCBs of USD 50000 each aggregating to USD 4.15 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 24th January 2008 issued and allotted 28,77,911 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share to the allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 83 FCCBs referred above, the number of FCCBs and amount outstanding stands at 650 and USD 32.50 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,72,78,468 equity shares of the face value of Rs.10/- each to 18,01,56,379 equity shares of the face value of Rs.10/- each.21 Jan · Foreign Currency Convertible Bonds
Alok Industries Limited had informed the exchange that the exercise of Option of Mandatory Conversion of 2/3rd (i e. two Mandatory Conversion Options of 1/3rd each) of the total outstanding 753 FCCBs of USD 50000 each aggregating to USD 37.65 million forming part of 1% Unsecured Foreign Currency Convertible Bonds (FCCB) issue of USD 70 million of the Company launched in May and June 2005. The said 2/3d Mandatory Conversion Options were exercised on account of (i) the Market Price of the shares being above 140% of the Conversion Price for 10 consecutive days from the 26th of December, 2007 till the 8th of January 2008 thus triggering the mandatory conversion of 1/3rd of the outstanding FCCBs; and (ii) the Market Price of the shares was being above 150% of the Conversion Price for 10 consecutive days from the 27th of December, 2007 till the 9th of January 2008 thus triggering the mandatory conversion of a further 1/3rd of the balance FCCBs. The company has sent necessary notices to the Bondholders through Euroclear and the Luxembourg Stock Exchange Website. The Company has now informed the exchange that the company has been advised by the Deutsche Bank Luxembourg S.A., Registrar, Paying and Conversion Agent and Listing Agent, that pursuant to the Condition 5.2.3 of the Offering Circular, the Company can exercise only one Mandatory Conversion Option in any 30 calendar day period. The company have accordingly notified its Bondholders to ignore the 150% Notice (2nd Mandatory Conversion Option of 1/3rd bonds) and its provisions to be treated as null and void. The company has sent necessary notices to the Bondholders through Euroclear and the Luxembourg Stock Exchange Website. Further the 140% Notice (1st Mandatory Conversion Option of 1/3rd bonds) exercised by the Company on 14th January, 2008 shall continue to remain valid and operative. Accordingly 251 FCCBs of the face value of USD 50000 each are liable to be converted leaving a balance of 502 FCCBs outstanding.21 Jan · Conversion of FCCBs
Regarding issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated January 21, 2008, that: "We have received one conversion notices from our Paying, Conversion and Transfer Agent for conversion of 20 FCCBs of USD 50000 each aggregating to USD 1.00 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 21st January 2008 issued and allotted 6,92,998 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share to the allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 20 FCCBs referred above, the number of FCCBs and amount outstanding stands at 733 and USD 36.65 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,65,85,470 equity shares of the face value of Rs.10/- each to 17,72,78,468 equity shares of the face value of Rs.10/- each.18 Jan · Meeting
In accordance with Section 81, 81(1A), 293(1) (d) and 293 (1) (a) of the Companies Act, 1956 ("the Act") read with Section 192A of the Act and the Rules made thereunder the following Resolutions are to be passed by the members of the Company through Postal Ballot: 1) Issue of Equity Shares and Warrants to the Promoters and Promoter Group of the Company pursuant to section 81 and 81 (1A) of the Companies Act, 1956. 2) Authorizing the Board of Directors of the Company to Borrow in excess of paid-up capital and free reserves of the Company pursuant to section 293 (1) (d) of the Companies Act, 1956. 3) Authorizing the Board of Directors of the Company to create charge/ mortgage on the movable/ immovable properties of the Company pursuant to section 293 (1) (a) of the Companies Act, 1956. The Board has appointed Mr. Virendra Bhatt, Practicing Company Secretary, as Scrutinizer for conducting the voting through Postal Ballot in a fair and transparent manner. The duly completed postal ballot forms should to reach the Scrutinizer on or before February 14, 2008. The scrutinizer will submit his report and the result of the postal ballot shall be announced on February 14, 2008. A copy of Notice of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.17 Jan · Memorandum of Understanding
Alok Industries Limited had informed the Exchange regarding the acquisition of a 60% stake in Mileta a.s., a company based in the Czech Republic through company's Wholly Owned Subsidiary (WOS) company viz. Alok Industries International Limited. As per the terms of the Share Sale Agreement entered into with earlier investor, Mr. Elard Marwin Maron, the company had the option to buy balance 19.80% shares held by Mr.Maron in Mileta a.s. in equal installments over a period of 5 years from the date of acquisition of the initial 60% stake on certain mutually agreed terms and conditions. The Company has now informed the Exchange that: "We have now executed a fresh Memorandum of Understanding with Mr.Maron to buy the balance 19.80% shares at EUR 1.75 million held by him in Mileta a.s., within a period earlier than the originally envisaged period of 5 years, subject to the fulfillment of certain other conditions by him".15 Jan · Foreign Currency Convertible Bonds
1% Unsecured Foreign Currency Convertible Bonds (FCCB) issue of USD 70 million divided into 1400 FCCBs of USD 50,000 each aggregating to USD 70 million of the Company launched in May and June 2005. Out of the above referred 1400 FCCBs, 647 FCCBs have been converted into equity shares as on date, leaving an outstanding balance of 753 FCCBs. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.12 Jan · Board meeting
Board of Directors of the Company at its meeting held on January 11 ,2008, "The said Board of Directors, amongst other things, have accorded their consent to issue, subject to the approval of members of the company through postal ballot, (i) upto 13,75,000 equity shares of face value Rs. 10/- each of the Company at a premium of Rs.92/- per share to the promoters/promoter group of the company on preferential basis on or before 26th February 2008; (ii) upto 2,00,00,000 warrants to the promoters/promoter group of the company, each warrant entitling the holders thereof to apply for and be allotted one equity share of the company on payment of the exercise price of Rs.102/- per share (including premium of Rs.92/- per share), in two stages namely upto 1,00,00,000 warrants to be converted into equity shares on or before 31st March 2009 and upto 1,00,00,000 warrants to be converted into equity shares on or before 3lst July 2009, in accordance with the SEBI Guidelines on Preferential Issues. The Board has also decided to obtain members approval for the captioned preferential allotment through postal ballot".11 Jan · Conversion of FCCBs
Issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated January 11 , 2008, that: "We have received two conversion notices from our Paying, Conversion and Transfer Agent for conversion of total 50 FCCBs of USD 50000 each aggregating to USD 2.50 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 11th January 2008 issued and allotted 17,30,600 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share to two allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 50 FCCBs referred above, the number of FCCBs and amount outstanding stands at 753 and USD 37.65 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,48,54,870 equity shares of the face value of Rs.10/- each to 17,65,85,470 equity shares of the face value of Rs.10/- each.11 Jan · Board meeting
Board of Directors of the Company proposes to consider a preferential allotment of Equity Shares / Warrants to the Promoter Group of the company by way of passing Circular Resolutions on January 11, 2008 pursuant to section 289 of the Companies Act, 1956.10 Jan · Board meeting
To consider, amongst other things, the Un-audited Financial Results (provisional) of the Company for the quarter ended December 31, 2007.9 Jan · News Verification
News Verification : The media had reports that Alok Industries Limited may enter the hospitality space through its subsidiary, Alok Infrastructure. Further, it may also offload 20 percent in Alok Infrastructure to a private equity player to raise about Rs. 600 crore. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Alok Industries Limited has vide its letter inter-alia stated,"We have to inform you that while our company does have plans to enter the hospitality space, there is no proposal definitive enough for us to inform the Exchanges at this point in time. As and when such plans are firmed up, we shall inform the Exchanges. Further, you may note that we have already informed you earlier about the acquisition of certain properties through our wholly owned subsidiary (WOS). The WHO is looking at different financing models, including private equity. We shall inform you about any development in this regard."
Dec 2007
31 Dec · Business
Alok Industries Limited had informed the Exchange regarding the proposal to consider a preferential allotment of warrants to the Promoter Group of the company and a Foreign Investor by way of passing Circular Resolution on 28th December 2007 pursuant to section 289 of the Companies Act, 1956. The Company has now informed the Exchange that the resolution for allotment of Warrants on Preferential basis was circulated to the Board of Directors and the Directors have thought it fit to discuss the same amongst them in more detail. Accordingly the decision in this matter stands deferred.31 Dec · Business
The Board of Directors of the Company proposes to consider a preferential allotment of warrants to the Promoter Group of the company and a Foreign Investor by way of passing Circular Resolution on 28th December 2007 pursuant to section 289 of the Companies Act, 195628 Dec · Rating
Credit Analysis & Research Limited have vide their letter dated 27th December 2007 reaffirmed the 'PR1'(PR One) rating of the Company's Commercial Paper / Mibor linked Short Term Non Convertible Debentures / Short Term Debt program for an amount aggregating to Rs.300 crores (size enhanced from Rs.200 crore) for a maturity not exceeding one year. The said rating is valid for a period of one year from the date of the rating letter12 Dec · Foreign Currency Convertible Bonds
Alok Industries Limited had informed the Exchange regarding issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated December 11 , 2007, that: "We have on 10th December 2007 received two conversion notices from our Paying, Conversion and Transfer Agent for conversion of total 22 FCCBs of USD 50000 each aggregating to USD 1.10 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 11th December 2007 issued and allotted 7,58,244 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share to two allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 22 FCCBs referred above, the number of FCCBs and amount outstanding stands at 803 and USD 40.15 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,40,96,626 equity shares of the face value of Rs.10/- each to 17,48,54,870 equity shares of the face value of Rs.10/- each.7 Dec · Updates
The Government of India, Ministry of Commerce & Industry, Department of Commerce (SEZ Section), have vide their letter dated 5th December 2007 granted formal approval for development, operation and maintenance of the sector specific Special Economic Zone for Textile sector to be set up by Alok Infrastructure Private Limited, a wholly owned subsidiary of the Company, at Surgani, Union Territory of Dadra & Nagar Haveli, Silvassa
Nov 2007
27 Nov · Commencement of commercial production
Alok Industries Limited had informed the Exchange regarding the fire at company's Texturizing plant at Rakholi / Savli, Silvassa, in the Union Territory of Dadra & Nagar Haveli, on August 16, 2007. The Company has now informed the Exchange that: "The Texturising Plant at the same location as the earlier one has been restored and commercial production commenced".21 Nov · Business
Company had bid for Joint Ventures (JV) with National Textile Corporation Limited (NTC) for the revival of the textile mills located at the New City of Bombay Manufacturing Mills, Mumbai and Aurangabad Textile Mills, Aurangabad and for development of textile related infrastructure therein. The Company has since been awarded the bids and NTC has accordingly incorporated two JV companies for the purpose of the joint venture, which will in turn own, operate and run the aforesaid two Mills respectively. The Share Subscription and Shareholders Agreements have been executed between NTC, the JV companies and the Company for the revival/modernisation of above referred two mills. The investment to be made by the company into the JV companies will be made either directly or through a special purpose vehicle to be floated for this purpose which may be a subsidiary, associate or a group company19 Nov · Foreign Currency Convertible Bonds
Alok Industries Limited had informed the Exchange regarding issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated November 17, 2007, that the Company have on 16th November 2007 received a conversion notice from the Company's Paying, Conversion and Transfer Agent for conversion of 9 FCCBs of USD 50000 each aggregating of USD 0.45 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 16th November 2007 issued and allotted 3,09,112 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share as an outcome of conversion of above referred FCCBs. By virtue of conversion of 9 FCCBs referred above, the number of FCCBs and amount outstanding stands at 825 and USD 41.25 million respectively. Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,37,87,514 equity shares of the face value of Rs.10/- each to 17,40,96,626 equity shares of the face value of Rs.10/- each.6 Nov · Board meeting
Board of Directors of the Company, at their meeting held on October 31, 2007, have duly constituted a Committee of Directors of the Company to examine an advisability of realignment of the textile, infrastructure, domestic retail and international businesses of the Company and make a recommendation to the Board of Directors of the Company in due course, for their consideration.1 Nov · Board meeting
An annexure containing details of the Notable Events that took place during the quarter ended September 30, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Oct 2007
31 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2007 as follows: Net Sales of Rs. 46478 lacs for quarter ending on 30-SEP-2007 against Rs. 41718 lacs for the quarter ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 4297 lacs for the quarter ending on 30-SEP-2007 against Rs. 3264 lacs for the quarter ending on 30-SEP-2006.31 Oct · Results
Standalone Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 88368 lacs for half year ending on 30-SEP-2007 against Rs. 77504 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 9785 lacs for the half year ending on 30-SEP-2007 against Rs. 5956 lacs for the half year ending on 30-SEP-2006.30 Oct · Foreign Currency Convertible Bonds
Issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated October 26, 2007, that the the Company have on 26th October 2007 received a conversion notice from the Company's Paying, Conversion and Transfer Agent for conversion of 20 FCCBs of USD 50000 each aggregating of USD 1.00 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 26th October 2007 issued and allotted 6,84,838 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share as an outcome of conversion of above referred FCCBs. By virtue of conversion of 20 FCCBs referred above, the number of FCCBs and amount outstanding stands at 834 and USD 41.70 million respectively. Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,31,02,676 equity shares of the face value of Rs.10/- each to 17,37,87,514 equity shares of the face value of Rs.10/- each.15 Oct · Conversion
Alok Industries Limited had informed the Exchange regarding issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange vide its letter dated October 11 , 2007, that: "We have on 11th October 2007 received a conversion notice from our Paying, Conversion and Transfer Agent for conversion of 40 FCCBs of USD 50000 aggregating to USD 2.00 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 11th October 2007 issued and allotted 13,66,665 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share as on outcome of conversion of above referred FCCBs. By virtue of conversion of 40 FCCBs referred above, the number of FCCBs and amount outstanding stands at 854 and USD 42.70 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,17,36,011 equity shares of the face value of Rs.10/- each to 17,31,02,676 equity shares of the face value of Rs.10/- each.11 Oct · Board meeting
Meeting on 31 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007/Unaudited Financial Results/Others”
Sep 2007
28 Sep · Meeting
Minutes of the Proceedings of the Annual General Meeting held on September 25, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.27 Sep · Conversion
Alok Industries Limited had informed the Exchange regarding issue of 1% - 1400 unsecured Foreign Currency Convertible Bonds (FCCBs) of USD 50000 each aggregating to USD 70.00 million issued and allotted in two tranches i.e. in May and June 2005. The Company has now informed the Exchange that: "We have on 27th September 2007 received a conversion notice from our Paying, Conversion and Transfer Agent for conversion of 40 FCCBs of USD 50000 aggregating to USD 2.00 million into equity shares. In terms of the Offering Circular dated 26th May 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on 27th September 2007 issued and allotted 13,64,037 equity shares of the face value of Rs.10.00 each for cash at a premium of Rs.61.5875 per share as on outcome of conversion of above referred FCCBs. By virtue of conversion of 40 FCCBs referred above, the number of FCCBs and amount outstanding stands at 894 and USD 44.70 million respectively". Further, by virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,03,71,974 equity shares of the face value of Rs.10/- each to 17,17,36,011 equity shares of the face value of Rs.10/- each.
Aug 2007
31 Aug · Miscellaneous
The Board of Approval of the Special Economic Zones (SEZs) at their meeting held on 30th August 2007 have recommended grant of conversion of the in-principle approval into a formal approval for the Textiles SEZ to be set up by Alok Infrastructure Private Limited, a wholly owned subsidiary of the Company, at Surgani, Union Territory of Dadra & Nagar Haveli, Silvassa21 Aug · Miscellaneous
Alok Industries Limited had informed the Exchange that A Fire took place at the Company's texturising unit at Silvassa. Further the Company has now provided the necessary details: "The fire brokes out at our Texturizing plant with 70 machines located at Rakholi / Saily, Silvassa. The survey of the said plant is being carried by the insurance authorities in order to assess the exact extent of damage. We do not expect a major impact on the overall operations of the company due to the following reasons: (1) We have adequate Insurance Cover for Building, Plant and Machinery and Stock. (2) We have a Loss of Profits Policy which would compensate for the loss of profits in the period when the plant would be rebuilt. (3) The Texturizing plant was a stand alone unit. Hence the operations of their units, namely, Spinning, Weaving, Processing, Garmenting, Made ups and partially Oriented Yarn would continue as before. We expect to commence operations from the rebuilt plant (process of rebuilding the plant has started) in the next 3-4 months."17 Aug · Miscellaneous
August 16, 2007 that "A Fire took place at the Company's texturising unit at Silvassa at around 4:30 p. m. Today. The fire brigade authorities along with the Company's officials at Silvassa are trying to bring the fire under control. The extent of damage is yet to be assessed and would be ascertained once the fire is bought under control. There is no casualty caused to any employee on account of fire. It may be noted that the Company's plants are adequately insured against fire, including loss of profit policy".1 Aug · Meeting
Board Meeting was held as scheduled on July 31, 2007 and amongst other things, the following matters were considered and approved: 1) Recommendation of equity dividend of 14% i.e. Rs.1.40 per share for the financial year ended March 31, 2007, subject to approval of members of the Company at the ensuing Annual General Meeting (AGM); 2) Holding of the Annual General Meeting of the members of the Company on September 25, 2007; 3) Closing of the Register of Members for the purpose of entitlement of equity dividend from September 18, 2007 to September 25, 2007 (both days inclusive); 4) Proposal to re-align its garment and retail businesses into Strategic Business Units (SBUs) as wholly owned subsidiaries. These SBUs would be managed independently by professionals with the mandate to grow them rapidly to achieve global scale. Further, the Company has submitted to the Exchange a copy of the Notable Events during the quarter ended June 30, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.1 Aug · Business
Two media releases dated July 31, 2007, titled "Alok Industries Q1FY08 Net Profit up 104% at Rs. 55.01 crores" & "Alok Industries signs Merchandise Licensing Agreement with AISLE 5 LLC, New York". The copies of both the media releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jul 2007
31 Jul · Results
Standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 41890 lacs for quarter ending on 30-JUN-2007 against Rs. 35786 lacs for the quarter ending on 30-JUN-2006. Net Profit / (Loss) of Rs. 5501 lacs for the quarter ending on 30-JUN-2007 against Rs. 2692 lacs for the quarter ending on 30-JUN-2006.24 Jul · Memorandum of Understanding
The Company has entered into a Tripartite Memorandum of Understanding (MoU) with (i) Union Nationale Des Producteurs De Cotton Du Burkina Faso ("UNPCB") and (ii) MAS Intimates (Private) Limited, a Company incorporated in Sri Lanka ("Mas"), on behalf of Limited Brands PLC and Victoria's Secret ("the Limited") for the purpose of cultivation and supply of Organic Fair Trade Cotton. MAS and the Limited have identified the Company for the purpose of participating in the project by processing the cotton procured by MAS from Burkina Faso. Under the terms of this MOU, UNPCB will produce and supply Organic Fair Trade Cotton to the Company. The Company will then produce the finished fabrics for supply to MAS, who will in turn covert the same into end products for sale to the Limited. This entire initiative is part of ensuring sustainable resources of raw materials, women empowerment and ensuring a Fair Trade price for growers of Organic Cotton in Burkina Faso21 Jul · Board meeting
To consider, amongst other things, the following items: 1) To approve and adopt Audited Financial Results for the year ended March 31, 2007; 2) To consider recommendation of dividend for the Financial Year 2006-2007; 3) To close the Register of Members and Share Transfer Books of the Company; 4) To approve the date, time and venue of the Annual General Meeting of the Company; and 5) To approve and adopt the Un-audited Financial Results (provisional) of the Company for the quarter ended June 30, 2007.
Jun 2007
4 Jun · Miscellaneous
Credit Analysis & Research Limited have vide their letter dated 18th May 2007 revalidated a 'PR1'(PR One) rating for the Company's Commercial Paper program/MIBOR linked to the short term Non-Convertible Debentures/other short term instruments for an amount of Rs.200 crore (size enhanced from Rs.100 crore) for a maturity upto 3 months. The said rating is valid for a period of one year from the date of their captioned letter
Apr 2007
28 Apr · Miscellaneous
Board Meeting was held on April 27, 2007. Further, the company has submitted to the Exchange a copy of annexure containing the details of the Notable Events that took place during the quarter ended on March 31, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.