Alka India has informed that Alka India is undergoing Corporate Insolvency Resolution Process (CIRP) vide Hon’ble National Company Law Tribunal, Mumbai Bench order dated 18th December, 2023 (‘Order’), in terms of the provision of Insolvency and Bankruptcy Code 2016 (IBC) and the regulation made thereunder. Pursuant to said order and in accordance with the provision of IBC the powers of the Board of Directors and responsibility for managing the affairs of the Company are vested in, Dharmendra Dhelariya, in the Capacity of Interim Resolution Professional / Resolution Professional (RP). Further Committee of Creditors appointed Dharmendra Dhelariya as Resolution Professional. In terms of the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended and in compliance Code of Conduct for Prevention of Insider Trading. The Trading Window for dealing in the securities of the Company will remain closed for Designated Persons of the Company and their immediate relatives with effect from Sunday, 31st March, 2024 till 48 hours after the declaration of financial results for the quarter ended March 31, 2024. The date of consideration of financial results for the quarter ended March 31, 2024 shall be intimated in due course.
The above information is a part of company’s filings submitted to BSE.