Alka India has informed that in reference to letter dated August 28, 2023, in response to the Exchange letter no. L/SURV/OFL/KM/2023-24/SHELL/FAR/COMP/530889/1 dated June 19, 2023, placed before the designated Committee (Committee) at its meeting held on December 27, 2023, wherein, the submissions made by the Company were not found to be satisfactory and in terms of the Exchange notice dated October 29, 2018, the company is advised to close the audit observations and / or initiate corrective steps to address these audit observations and to submit a certificate from the Statutory auditor of the company confirming the following: Based on its verification of books of accounts and other documents & other information furnished by Alka India (Company), it certified that: All the observations made in the forensic audit report have been duly rectified and the Company has also taken necessary corrective measures to ensure that the same do not recur; and the Company is fully in compliance with all the relevant regulatory requirements.
The above information is a part of company’s filings submitted to BSE.