The Board of Directors present this 39th Annual Report of the Company, along with the financial statements for the financial
year ended March 31,2026, 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 March 31, 2026, is summarized
below:

TRANSFER TO RESERVES:

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

On account of the Loss during the financial year 2025-26, 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 standalone
performance for the financial year ended March 31,
2026, are set out below:

During the year under review, the Company recorded
total sales of ' 3,525.30 crore, reflecting a marginal
decline of 0.88% as compared to ' 3,556.59 crore in the
previous financial year.

Domestic sales demonstrated steady growth,
increasing by 3.70% to ' 2,813.02 crore from ' 2,712.72
crore in the preceding year. In contrast, export sales
witnessed a decline of 15.59%, reducing to ' 712.28
crore as against ' 843.87 crore in the previous year,
primarily impacted by external market conditions.

The Company's operating performance showed
improvement, with Operating EBITDA rising to ' 48.14
crore as compared to ' 42.55 crore in the previous year.

However, the Company reported a negative Operating
Profit Before Tax (PBT) and Profit After Tax (PAT) of
' 779.81 crore during the year, as against a negative
PBT/PAT of ' 768.81 crore in the previous year.

(b) The highlights of the Company’s consolidated
performance for the financial year ended March 31,
2026, are as follows:

On a consolidated basis, the Company achieved revenue
of ' 3,714.79 crore during the year under review, as
compared to ' 3,708.78 crore in the previous financial
year.

Operating EBITDA registered an improvement and
stood at ' 103.00 crore, as against ' 21.68 crore in the
previous year.

The consolidated Profit Before Tax (PBT) remained
negative at ' 745.13 crore, though it showed an
improvement over the negative PBT of ' 811.41 crore
reported in the previous year.

The consolidated Loss After Tax (LAT) for the year stood
at ' 744.11 crore, as compared to ' 816.43 crore in the
preceding year.

A detailed analysis of the Company's financial
performance and operations is provided in the
Management Discussion and Analysis Report, which
forms an integral 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 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, as amended, 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-ala, 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:Directors:

In accordance with the provisions of the Act

and the Articles of Association of the Company,
Shri Venkataraman Ramachandran (DIN 02032853), retires
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 his appointment.

A detailed profile of Shri Venkataraman Ramachandran
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 Annexure
to the Notice of the AGM which forms part of this Annual
Report.

During the year under review, Shri Achuthan Siddharth,
Ms. Mumtaz Bandukwala, and Shri Rahul Dutt were
re-appointed as Independent Directors for a second term on
the Board of the Company by passing a special resolution by
the members of the Company at the Annual general meeting
held on September 4, 2025.

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:https://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 2025-26, Shri Harsh
Bapna, Chief Executive Officer, Shri Anil Kumar Mungad,
Chief Financial Officer and Shri 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.

- Shri Anil Kumar Mungad stepped down from the position
of Chief Financial Officer and Key Managerial Personnel
of the Company with effect from April 29, 2025.

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

- Shri Hitesh Kanani resigned from the position of
Company Secretary, Compliance Officer and Key
Managerial Personnel of the Company with effect from
May 2, 2025.

- Shri Anshul Kumar Jain was appointed as Company
Secretary, Compliance Officer and Key Managerial
Personnel of the Company with effect from May 5, 2025.

- Shri Harsh Bapna resigned from the position of Chief
Executive Officer and Key Managerial Personnel of the
Company with effect from January 31,2026.

At the end of the financial year 2025-26 and as on the date
of this report, Shri Jinendra Kumar Jain, Chief Financial
Officer and Shri Anshul Kumar Jain Company Secretary
are / were the Key Managerial Personnel of the Company.

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 Members. 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:

Four 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, 2026,
is as under:

A. Audit Committee:

The Audit Committee comprises Shri A. Siddharth
(Chairman), Ms. Mumtaz Bandukwala, Shri Rahul Dutt
and Shri 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 Shri Rahul Dutt (Chairman), Shri A.
Siddharth and Shri Hemant Desai.

C. Stakeholders Relationship Committee:

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

D. Corporate Social Responsibility and Governance
Committee:

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

E. Risk Management Committee:

The Risk Management Committee comprises Ms.
Mumtaz Bandukwala (Chairperson), Shri Anil Kumar
Rajbanshi and Shri 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 who are
authorised to take all such decisions and actions as
may be required to be taken in the ordinary course of
the business.

During year under review, the Managing Committee
was re-constituted by appointing Shri Jinendra Kumar
Jain as member of the Committee while Shri Anil
Kumar Mungad and Shri Harsh Bapna ceased to be
members of the Committee.

The Managing Committee as on date of this report
comprises Shri V. Ramachandran, Shri Jinendra Kumar
Jain, and Shri 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 March 31, 2026, 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 March 31, 2026 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 March 31, 2026 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) Details of 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 are 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 athttps://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:

M/s. Chaturvedi & Shah LLP (ICAI Regn. No.101720W/
W100355) were appointed as the Statutory Auditors of
the Company for a term of 5 (five) consecutive years,
at the 38th AGM, held on September 4, 2025. The
Company has received confirmation from them to the
effect that they are not disqualified from continuing as
Auditors of the Company.

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

(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 March 31,2026.

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 Annual General Meeting.

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:

Shri Virendra G. Bhatt, Company Secretaries, were
appointed as the Secretarial Auditor of the Company
for a term of 5 (five) consecutive years, at the 38th AGM,
held on September 4, 2025. 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.

The Secretarial Audit Report relating to the financial
year 2025-26 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.

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 Environmental, Social
and Governance perspective is available on the Company's
website and can be accessed at:https://www.alokind.com/
assets/pdf/investor-relations/general-meetings/2025-26/
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 March 31, 2026,
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 - One

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

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

THE CODE ON SOCIAL SECURITY, 2020 - MATERNITY
BENEFIT:

The Company is in compliance with the applicable provisions
relating to maternity benefits as prescribed under the
Maternity Benefit Act, 1961/ the Code on Social Security,
2020.

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 send 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
Employees Stock Option Scheme) to Directors and
employees of the Company under any scheme.

4. None of the 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 significant 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 Directors
Alok Industries Limited

Place: Mumbai A. Siddharth

Date: April 16, 2026 Chairman