ALOKTEXT

As already intimated in your Exchange, pursuant to its order dated March 08, 2019, the Hon'ble NCLT, Ahmedabad Bench had approved the resolution plan ('"Approved Resolution Plan") submitted by the Resolution Applicants for the Company under Section 31 of the Code. The purpose of this letter is to formally intimate that the implementation of the Approved Resolution Plan has now commenced.

Receipt of approval from the Competition Commission of India (one of the two conditions precedent for implementation of the Resolution Plan) and salient features of the Resolution Plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016, as amended in respect of the Corporate Insolvency Resolution Process of Alok Industries Limited.

Alok Industries Limited has informed the Exchange that Pursuant to the last disclosure made by the company on March 09,2019 with respect to the verbal order of the Hon'ble National Company Law Tribunal, Ahmedabad Bench as pronounced on March 8, 2019, please note that the written order of the Hon'ble NCLT in relation to the approval of the resolution plan dated April 12, 2018 submitted by Reliance Industries Limited, JM Financial Asset Reconstruction Company and JM Financial Asset Reconstruction Company Limited (as trustee to JMF ARC -March 2018- Trust) has now been available and is attached.

Alok Industries Limited has informed the Exchange that Pursuant to the verbal order pronounced by the Hon'ble Bench of Hon'ble National Company Law Tribunal (Ahmedabad) on March 8, 2019, the resolution plan dated April 12, 2018 submitted by Reliance Industries Limited, JM Financial Asset Reconstruction Company and JM Financial Asset Reconstruction Company Limited (as trustee to JMF ARC-March 2018 - Trust) has been approved by the Hon'ble National Company Law Tribunal (Ahmedabad).��