Alicon Castalloy has informed that the Company has received an administrative warning letter from the Securities Exchange Board of India (SEBI) on February 8, 2024, a copy of which is enclosed. This letter is in regard to certain inadvertent error in corporate announcements made by the Company on 25th July, 2023 regarding Employees Stock Option Scheme and interim dividend. The Company is advised to be careful and exercise due care so that lapses do not recur. and to place this letter before its Board of Directors in the ensuing Board Meeting. The Company is also instructed to disseminate this letter to the Stock Exchanges. There is no impact on the financials, operation or other activities of the Company pursuant to the above-mentioned administrative warning letter.
The above information is a part of company’s filings submitted to BSE.
