On the basis of recommendation of Nomination and Remuneration Committee, the Board of Directors of ALOK Industries Limited at their meeting held today i.e. 3rd March, 2022 have approved the appointment of Mr. Nirav Parekh (DIN: 09505075), nominee of JM Financial Asset Reconstruction Company Limited ("JMFARC"), (acting in its capacity as trustee of JMFARC - March 2018- Trust), as an Additional Director (Non-Executive, Non-Independent) of the Company. Mr. Nirav Parekh has over 12 years of experience in the Banking and Financial Services, specialised in distressed debt investment and is associated with JMFARC since November 2017. He has been previously associated with Asset Reconstruction Company (India) Limited and Axis Bank Limited. He is a Commerce Graduate and holds a PGDM from Mumbai University. Shares of Alok Industries Limited was last trading in BSE at Rs. 24.45 as compared to the previous close of Rs. 24.25. The total number of shares traded during the day was 987015 in over 1349 trades. The stock hit an intraday high of Rs. 25.15 and intraday low of 24.25. The net turnover during the day was Rs. 24296551.00.

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