alankit assignments limited rights issue

• Search results
• Add to Alerts
• Save to folder
• Copy the reference

CDR S.P. Puri v. Alankit Assignments Limited

Documents of the case.

• First Award - 13 July 2005
• Second Award - 10 Dec 2009
• Judgment of the Delhi High Court - 10 Feb 2012

Hang tight, AI is working its magic...

This may take a while.

Summary generated for selected document

Disclaimer: This feature is still in beta (under testing) and is provided “As Is” and “As Available” without warranties of any kind, either express or implied. You are ultimately responsible for any action taken on the basis of any provided information.

In a rush? We have you covered!

Notify me by email

We will email you once it's ready!

Thank you for your vote

Help us understand what went wont by choosing among the following options.

We would love to hear more about your feedback!

Feedback is received!

Lawyers, other representatives, expert(s), tribunal’s secretary

Narration of facts, proceedings before nse, the nse award and affirmation thereof, proceedings before the nsdl, impugned award of the nsdl arbitrator, submissions of counsel, was the claim before the nsdl arbitrator barred by res judicata, doctrine of election, judgment of the delhi high court.

I had paid Rs.14.4 lacs by cheques to the trading member M/s. Alankit Assignments Ltd. towards investment under a specific scheme as explained in Section-C and had transferred shares worth around 3.5 lacs from my old DMAT a/c 10019234 to my new DMAT a/c 10651928. The trading member has cheated and defrauded me in a planned manner and now refuses to return my shares as placed at page 10 and money kept in margin account as reflected in the statement of a/c.

M/s. Alankit Assignment Ltd. claims to have traded in my shares on my behalf in my account but has not even provided me with the basic entitled documents needed by me to understand the a/c and prepare the reply to his alleged claim. Even NSE has failed to obtain my entitled documents/accounts requested by me and finally referred the case for arbitration.

The trading member fraudulently transferred all the shares from my DMAT a/c 10651928 to his DP pool a/c on 28th Jun-04 misusing my speed-e given to him in good faith and then allegedly sold all these shares on 29th Jun-04 without my knowledge. He further raised a bogus demand of over 32 lacs on me and presented one of my previous cheques withheld with him with malafide intentions in a clever manner. He is harassing me in all possible manners and is now threatening of legal action as well.

I am totally in distress and dark in the absence of the basic papers as mentioned in preceding paragraphs. I shall provide the details of the case after I receive the details from the trading member. However, summary of the case is placed at Section-C of this statement."

" B. The Claim

5. Interest for the period 1st Apr. 05 till the realization of claim."

" C. Summary of the case

This is a case of cheating and fraud where I was lured and trapped into a lucrative scheme with assured good returns on investment. I invested a total amount of Rs. 14.40 lacs in installments by cheques and shares worth over 3.5 lacs were transferred from my old DMAT Account No. 10019234 against which Mr. Ashok Aggarwal of M/s. Alankit Assignments Ltd. assured me interest @ 24% per annum. He also assured me that my investment would remain safe in the margin account, which is just like a trustee account. As per his scheme, I was to invest some amount in margin a/c whereas he was to invest 8-10 times of that amount in trading a/c from huge funds at his disposal, which actually belonged to his clients and were lying idle with him at any point of time. I understand that his money was either not claimed by the investors or the payment was delayed to them, as the case may be.

Mr. Ashok Aggarwal explained me that, M/s. Alankit reinvests this money into business through investors like us who provide them the business face. Accordingly, Mr. Ashok Aggarwal told me that apparently the business would be in my name for which I had to open a separate DMAT and trading account. He also promised me 25% of profit sharing coming from this trading a/c. However it was agreed that the negative consequences or losses will be borne by Alankit, if any. He assured me that there is almost no probability of losing in a market, which is basically controlled by them and they always have advance information about it.

M/s. Alankit Assignments Ltd. also offered me an income tax saving scheme where he can provide me the capital loss certificates from one of this companies/concerns to avoid Income Tax. It did not interest me at all. Of course, I had seen such certificates being issued to various people for consideration. He had some other such schemes too but I opted for one mentioned in preceding paragraph.

M/s. Alankit Assignments Ltd. now suddenly informed me on 2nd July 04 vide their letter dated 30th June 2004 that on my instructions he had sold off shares from my account worth Rs.75,84,208.65/- on 29.06.2004 and that I have to still pay him Rs.32,72,631.59/-. Surprisingly, he was silent on the margin money of Rs.15 lacs with them since he fraudulently wanted to use one of the previously issued cheques of almost same amount to recover the alleged outstanding amount and which he did. He fraudulently used my DMAT speed-e password to transfer all the shares to his pool a/c. on 28th Jun-04. Copy of his letter is enclosed as Annexure-II at Page-H.

This cheque in question was issued on 30th March 2004 for an accounting jugglery i.e. to close the a/c of year 2003-2004 and then for reopening the next year a/c, perhaps because it does not have to be reported to authorities as per SEBI Rules. Later these cheques were reported to me to have been destroyed by Alankit. Since there was no follow up of any kind I accepted their statement to be true, lest realizing their malafide intentions and criminal plans.

On 26th Jun 04, we realized that market scenario is not good at all and his intentions had become malafide when he ruthlessly tried to mingle with the accounts of my wife and my brother-in-law. Their office staff also gave me indications that something very bad is going to happen. On this, I made requests to NSDL on 27th & 28th Jun 2004 through e-mail to Bombay office and in person to Delhi office respectively to freeze my DMAT Account and cancel my speed-e facility (Annexure- III at page-12)."

"12. The claimant was trading on almost daily basis. He was fully aware of the transactions of his DMAT and securities trading accounts and also margin money accounts for securities trading. He was regularly being provided with all the contract notes, sale bills and other documents. He never objected in whatsoever manner until 8/10-7-04. It is patently clear this too was with malafide intention. However as advised by NSE vide letter of 6-12-04, the Respondent provided to the claimant vide letter of 22-12-04.

A. Account statement from January 04 – upto date.

B. Transaction details of securities sold on 29-6-04.

C. Copies of contract notes.

NSE was further informed that the contract notes for the trades executed have been regularly issued to the claimant and sent through courier.

In the page 2,4 & 8 and elsewhere of the statement of case the claimant has alleged fraudulent transfer of shares from his DMAT Account no.10019234 to 10651928. It is respectfully submitted that these shares have been transferred by the claimant himself only on 28-4-04 by executing delivery instruction slips under his signatures. As such, there is no case of any fraudulent transfer. Further, it is respectfully submitted that such dispute regarding transfer of securities in the DMAT Accounts falls within ambit of NSDL DP business and not NSE trading activity, for which the present arbitration proceedings have been commenced. In view of the foregoing dispute with respect thereto and the claim made by the claimant on account of same is beyond the jurisdiction of the present arbitration and the same is as such not liable to be entertained.

The claimant has no approached for arbitration with clean hands. As a matter of fact, it is the Respondent who has to recover the substantial amounts from him. He has filed the present case with the ulterior motives to avoid paying the amount of Rs.32,04,343.13/-, which he owes to the Respondent in addition to interest thereupon and for which the Respondent has initiated necessary legal action."

"3. It is wrong and denied that the shares from claimants DMAT Account no. 10651928 to the Respondent pool account have been transferred fraudulently on 28-6-04 misusing speed-e given by him. The transfer through Speed-e can be made only by the Speed-e user by password known to him only. The claimant's DMAT Account was activated for Speed-e facility as per agreement executed per NSDL prescribed procedure and was active since 21-4-04. The claimant has executed large number of delivery instructions through this speed-e facility. As such, he cannot now pretend ignorance about the same. Copy of the speed-e agreement is also annexed herewith. It is wrong and denied that any bogus demand of Rs. 32 lacs has been raised or presented cheque withheld with malafide intention without his instruction. It is wrong that any harassment is being caused to claimant."

"I now find that the transfer of the shares made on 28th Jun-04 itself was illegal and were meant for a NSE settlement no. 2004121 and should have been immediately reversed as per the undertaking given by the Respondent. Most of these shares were later fraudulently sold in settlement no.2004123 and then in 2004163."

"14…..The copies of the documents placed at Pages 15 to 28 indicate that the Applicant was also having an Agreement dated 02-01-2004 with Alankit for trading in securities under Code NV 327 and Client ID No. 10651928. As the Applicant's version of what happened to this account is not supported by a single document, the Respondent's defence that he has concocted the whole story appears to be plausible. The Applicant's version that he was assured that he cannot ever suffer loss in the market and he will always be in a "win-win" position vis-à-vis transactions in his second account NS327 which were executed by Mr. Ashok Aggarwal cannot be believed as he has to bear the consequences of the business as per the Rules and the Agreement. Further, on his own admission, he had given a cheque on 30-03-2004 for purposes of "accounting jugglery" and he had entered into the Scheme for saving income tax, which all lead to the same conclusion that the Applicant neither played the market game as per the law or the SEBI/NSE Rules, Byelaws and Regulations."

16. The claim of the Applicant that he did not know or even have the password of his Speed-e a/c has been totally denied by the Respondent as false, with which we agree. From the Annexure to the reply of the Respondent (Pages 97-105), it is noted that the Applicant had applied for Speed-e in Client ID 10651928 and had also entered into an Agreement with Alankit for this purpose. Similarly, the contentions of the Applicant that he had issued two cheques on 30-03-2004 for over Rs.62 lacs is reasonable and tenable and the contrary contentions of the Applicant are accordingly rejected.

17. The fact appears to be that the Applicant has tried to put together a concocted story about the meeting with Mr. Ashok Aggarwal etc. to bring the claims against the Respondent, which are not in any way supported by the documents on record. The claims of the Applicant are, therefore, liable to be dismissed. It is settled law that a party which comes to a Court or Tribunal with unclean hands cannot get any relief. On the contrary, the Respondent's case against the Applicant for outstanding dues on his trading transactions as set out in their counter-claim is sustainable as per the annexed documents and trading practice.

18. The Respondent, Alankit has acknowledged that an amount of Rs.15 lacs paid by Applicant as margin money is lying with them, as his trading account has not been closed. Having regard to the facts and circumstances of the case, this amount of Rs.15 lacs shall be adjusted against the outstanding amount due to the Respondent i.e. Rs.32,72,631.59 minus Rs.15 lacs, leaving a balance amount of Rs.17,72,631.59 which is liable to be paid by the Applicant to the Respondent."

"(i) The claims of the Applicant are dismissed;

(ii) The Respondent Alankit's counter claim for an amount of Rs.17,72,631.59, after deducting the amount of Rs.15 lacs lying with him as margin money, is allowed against the Applicant;

(iii) Respondent Alankit's claim for interest is rejected; and

(iv) The Applicant, Cdr. S.P. Puri shall pay cost of Rs.10,000/-(Rupees ten thousand only) in favour of Respondent, Alankit Assignments Ltd."

"21. Learned counsel for the Objector had drawn my attention to the transaction statement with specific reference to entries dated 28th June 2004 in which the transaction number given is 2004121. It is an admitted case of the parties that the figure 2004 stands for the year in question and the number 121 is the specific market type settlement number. In this regard, learned counsel for the Respondent has drawn my attention to the Guide of National Securities Depositories Ltd. to trading and settlement and settlement instructions. The said instructions describe the process by which shares are transferred from delivery account of the seller to the pool account and then to receipt account of the purchaser. It is also pointed out that in the clearing account, the securities are always kept in a basket for the purpose of identification. It is not disputed that shares can be transferred from the depository to the pool account before or after the transaction. Thus transaction number 2004121 was given for all shares which were transferred from the depository to the pool account and were sold. Reference to transaction no.2004121 therefore stands explained by the Respondent. Learned Arbitrators being familiar with the dealings in the stock exchange and why and how the transaction numbers are given have not given any importance to this contention. It has been explained that these transaction numbers are given to identify the transaction so that there is no confusion. They have no other significance.

22. Transfer from depository to pool account was made by exercising option under e-speed. The Objector in his letter dated 8th July 2004 and 22nd July 2004 has denied giving any such instructions for transfer of securities from Depository Account to the pool account and has stated that the Respondent has misused e-speed facility unauthorizedly. It is however admitted that to have access to e-speed account one must have the password, which is given only to the person enjoying the e-speed facility. Therefore, normal presumption is that it was the Objector who had given instructions from e-speed facility for transfer of securities from Depository Account to the pool account.

23. Thus learned Arbitrators are not wrong in proceeding and accepting that the Objector himself had given instructions for transfer of shares from the depository to the pool account on 25th June 2004. Thereafter, the shares were sold."

"Shares in the Demat Account was transferred to the pool account on 27th June 2004. Instructions in this regard were given through the Speed-e account of which the Objector had the password. The letter dated 27th June 2004 written by the Objector to National Securities Depositories Ltd. also proves that the Objector had the necessary password with him and he was aware that shares in this depository account had been transferred to the pool account. Without knowing and having access to the Speed-e account, the Objector could not have written the said letter to the National Securities Depositories Ltd. for freezing of the same and for cancellation of Speed-e instructions. Moreover, the case made out by the Objector before the learned Arbitrators was that the Respondent AAL had assured him of fixed rate of return and he had no concern with Speed-e or sale/transfer of shares. In view of the said plea it is not understood why the Objector had asked for freezing of his Speed-e instructions and his Demat Account. If the Objector had nothing to do with the purchase and sale of shares, he was not required to ask for freezing of his Demat Account and cancellation of Speed-e instructions. This also establishes that the claim of the Objector that he had made investment under an assured return scheme is false and incorrect."

"Having won the confidence of the applicant in this manner, the said Executive Director of the Respondent Company further induced the applicant that since the method was very safe and foolproof, therefore, the password and ID under the speed-e facility could be disclosed/divulged by the applicant to the Respondent Company for ease and facility of the transactions on behalf of the applicant. The applicant was so overwhelmed and assured in his wisdom that he not only disclosed his password and ID to the Respondent but also gave him the delivery instruction book (BLANK) duly signed and both the things were misused."

"9. The applicant was also being cautioned by the staff of the Respondent to be careful since according to them the Respondent Company and its Directors had gone dishonest. This alerted the applicant, who decided to change the password and ID under the speed-e facility, which in good faith had been disclosed to the Respondent by the applicant in the manner stated hereinabove. The applicant did not remember the password and ID orally and could not locate the diary where the applicant had jotted down the password and ID. In these facts and circumstances, on 26th June 2004, the applicant when he went to the Office of the Respondent along with his wife, requested the Respondent to freeze the applicant's account to disable the speed-e facility, however, the staff of the Respondent in their Noida Office did not receive the request of the applicant on the pretext that their Executive Director Shri Ashok Agarwal was away to Mumbai and the freezing of the account, etc. as also disabling of the speed-e facility could be effected only after he was to come back from Mumbai."

"18. The matter, which is to be considered by the Arbitral Tribunal is whether the transfer of the shares was or was not in order and in case the Arbitral Tribunal comes to the conclusion that the transfer of the shares from the DEMAT Account of the applicant to the pre-notified Pool Account of the Respondent was not in order, or was contrary to the undertaking (Annexure 'A') or was tainted by fraud/misrepresentation or were not due to the Respondent or were result of an 'error' then in terms of the undertaking annexed as Annexure 'A', the entire lot of the shares must revert back to the applicant's DEMAT Account."

"2. The present application is also liable to be reject in as much as by the aforesaid Arbitral Award dated 13-7-2005 of the Arbitral Tribunal under the aegis of NSE, not only the allegations of the applicant were held to be unfounded and false and the claim of the applicant rejected in toto, but the said Arbitral Tribunal allowed the entire counter claim of the Respondent herein and awarded in its favour and against the applicant net amount of Rs.17,72,631.59 as well as cost of Rs.10,000/-. Undisputedly, the applicant has not paid any amount whatsoever to the Respondent in satisfaction of the said Arbitral Award dated 13-7-2005. In view thereof the present claim made by the applicant is exfacie not maintainable."

"Merely because the claimant had the dual capacity of being a client and the Respondent a trading member for the purpose of trading in NSE also, this situation was not affected.

46. Question of erroneous transfer of shares kept as deposit with the depository participant to the pool account of the Respondent had not arisen and could not have been raised in the case before the arbitral tribunal under the NSE bye laws and regulations. There the questions paused (sic. posed) had been quite different."

"50. On the face of it the delivery of shares listed at NSE, not listed at NSE and not listed either on NSE or BSE, in hot or unholy haste, by 40 instructions within the short period of one minute fifty seconds for settlement of 2004121 dated 25.06.2004 while the same were neither sold or settled under that settlement number or on that date to NSE in the pool account was either erroneous or fraudulent and cannot be said to be innocent transaction carried out bona fide. Admittedly a part of such shares were sold under settlement No.2004123 on 29.06.2004, a part was sold through Apaar Finance and Investment Ltd. and cheque received was credited in the account of the claimant, remaining shares of 4 companies were suspended for trading and were retained by the Respondent. Such transaction cannot be justified on the ground that the claimant had been running in heavy debit account for some time past.

"(i) Return of the amount of Rs.14.40 lacs actually paid by Respondent No.1 to the Petitioner by way of cheques,

(ii) return of shares worth about Rs.3.5 lacs transferred from the old DEMAT Account of Respondent No. 1 to the new DEMAT Account opened by him with the Petitioner bearing number 10651928,

(iii) interest for the period 11.06.2004 to 31.03.2005 @ 2% on the amounts mentioned in (i) and (ii), &

(iv) compensation of Rs.100 lacs on account of humiliation, harassment and loss of opportunity caused to Respondent No.1."

"(i) Return of the shares which were transferred to the pool account of the Petitioner herein from the DEMAT Account of Respondent No. 1 on 28.06.2004 with all incidental benefits,"

(ii) compensation of Rs.10 lacs for the harassment, torture, mental agony, etc. caused to the applicant for illegal and fraudulent acts of the Petitioner herein in contravention of all norms,

(iii) pin-point the failure in the system and to make suitable recommendations to the NSDL to take such steps as to prevent similar frauds, where DP and trading member is the same,

(iv) recommendation of suitable action against the Petitioner herein for having indulged in fraudulent activities and breaching the rules and regulations framed by the NSDL, &

(v) payment of costs of Rs.1 lac to Respondent No.1."

"Explanation VIII is wide enough to include a court whose jurisdiction is subject to pecuniary limitation and other cognate expressions analogous thereto. Therefore, Section 11 is to be read in combination and in harmony with Explanation VIII. The result that would flow is that an order or an issue which had arisen directly and substantially between the parties or their privies an decided finally be a competent court or tribunal, though of limited or special jurisdiction, which includes pecuniary jurisdiction, will operate as res judicata in a subsequent suit or proceeding, notwithstanding the fact that such court of limited or special jurisdiction was not a competent court to try the subsequent suit. The issue must directly and substantially arise in a later suit between the same parties or their privies. This question is no longer res integra."

"The true legal position in regard to the effect of an award is not in dispute. It is well settled that as a general rule, all claims which are the subject-matter of a reference to arbitration merge in the award which is pronounced in the proceedings before the arbitrator and that after an award has been pronounced, the rights and liabilities of the parties in respect of the said claims can be determined only on the basis of the said award. After an award is pronounced, no action can be started on the original claim which had been the subject-matter of the reference.... This conclusion according to the learned Judge, is based upon the elementary principle that, as between the parties and their privies, an award is entitled to that respect which is due to judgment of a court of last resort. Therefore, if the award which has been pronounced between the parties has in fact, or can, in law, be deemed to have dealt with the present dispute, the second reference would be incompetent. This position also has not been and cannot be seriously disputed." (Emphasis supplied)

"45. The common law doctrine prohibiting approbation and reprobation is a facet of the law of estoppel and well established in our jurisprudence also. The doctrine of election was discussed by Lord Blackburn in the decision of the House of Lords in Scarf v. Jardine (1882) 7 AC 345 wherein the learned Lord formulated: (AC p. 361)

"… a party in his own mind has thought that he would choose one of two remedies, even though he has written it down on a memorandum or has indicated it in some other way, that alone will not bind him; but so soon as he has not only determined to follow one of his remedies but has communicated it to the other side in such a way as to lead the opposite party to believe that he has made that choice, he has completed his election and can go no further; and whether he intended it or not, if he has done an unequivocal act … the fact of his having done that unequivocal act to the knowledge of the persons concerned is an election."

49. In Kok Hoong v. Leong Cheong Kweng Mines Ltd.1964 AC 993 the Privy Council held that: (AC p. 1018)

"… a litigant may be shown to have acted positively in the face of the court, making an election and procuring from it an order affecting others apart from himself, in such circumstances that the court has no option but to hold him to his conduct and refuse to start again on the basis that he has abandoned."

50. Ashutosh Mookerjee, J. speaking for the Division Bench of the Calcutta High Court in Dwijendra Narain Roy v. Joges Chandra De AIR 1924 Cal 600 , held that it is an elementary rule that a party litigant cannot be permitted to assume inconsistent positions in court, to play fast and loose, to blow hot and cold, to approbate and reprobate to the detriment of his opponent. This wholesome doctrine, the learned Judge held, applies not only to successive stages of the same suit, but also to another suit than the one in which the position was taken up, provided the second suit grows out of the judgment in the first."

FEBRUARY 10, 2012

Here are some suggestions to get you started

Access to the PDF of this document is reserved upon request to subscribers of Jus Mundi - Legal Practice offer. The HTML version of this document remains fully available on our website.

Request the PDF

This Wiki Note has not been submitted yet. We continuously identify new themes to add to the existing Wiki Notes as well as Contributors to author new Notes. Become a Contributor, submit your candidacy to author this Wiki Note.

Oops! You have reached the maximum limit for alerts (10 max. for arbitrators)

Delete an existing alert to create a new one

Oops! You have reached the maximum limit for alerts (10 max. for cases)

This feature requires a subscription.

Get access to the most extensive & reliable source of information in arbitration

Already registered ? Sign in

An error just occurred, please try again

You need Premium access to be able to use this feature.

Login to access this feature, jus ai acceleration program participants only.

Unlock access to Jus AI Assistant by joining the Jus AI Acceleration program

FREE Equity Delivery and MF Flat ₹20/trade Intra-day/F&O

ALANKIT ASSIGNMENTS LTD Complaints

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

ALANKIT ASSIGNMENTS LTD brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the ALANKIT ASSIGNMENTS LTD customers. The ALANKIT ASSIGNMENTS LTD complaints report analyzes the ALANKIT ASSIGNMENTS LTD online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against ALANKIT ASSIGNMENTS LTD broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The ALANKIT ASSIGNMENTS LTD complaint no. report also provides ALANKIT ASSIGNMENTS LTD’s number of active clients. This shows the growth of the broker year on year.

ALANKIT ASSIGNMENTS LTD complaint at NSE

Alankit assignments ltd complaint at bse.

• * Including against its sub brokers, authorised persons, employees, etc.
• ** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

Zerodha (India's Best & No. 1 Broker)

  special offer - free equity delivery and mutual funds.

• Brokerage-free equity delivery trades.
• Brokerage-free Direct Mutual Fund.
• Pay ₹20 per trade for Intraday & F&O.
• The best trading platform in India.

Free Eq Delivery & MF Flat ₹20 Per Trade in F&O

Open Instant Account

Open FREE Demat Account

30 days brokerage free trading Free - Personal Trading Advisor

Open Account

FREE Intraday Trading (Eq, F&O) Flat ₹20 Per Trade in F&O

Open Online Demat Account

FREE Account Opening Flat ₹20 Per Trade

Enquire Now

Unlimited @ ₹899/month Rs 0 Demat AMC

Open FREE Account

Free Eq Delivery Trades Flat ₹20 Per Trade in F&O

Pay ₹0 brokerage for first 10 days

Flat ₹20 Per Trade

Open Instant Account Now!

Share Holding

Alankit News

All News Announcement Recos

Prv. Close:

Alankit Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

Alankit submission of certificate under regulation 40(10) of the sebi (listing obligations and disclosure requirements) regulati....

In terms of Regulation 40(10) of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, please find enclosed the Certificate by Practicing Company Secretary under Regulation 40(9) of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 for the year ended 31st March, 2024.

Alankit Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

In Compliance with the provisions of Regulation 74(5) of SEBI( Depositories and Participants) Regulations, 2018 , please find enclosed herewith certificate issued by Mr. Abhinav Kumar Agrawal, Head of Operations of Registrar & Share Transfer Agent i.e Alankit Assignments Limited for the quarter ended 31st March,2024.

Alankit SUBMISSION OF CERTIFICATE U/R 7(3) OF SEBI LODR REGULATIONS 2015 FOR THE YEAR ENDED ON 31ST MARCH, 2024

In Compliance with the provision of Regulation 7(3) of SEBI (LODR) Regulations, 2015, please find enclosed herewith certificate duly signed by Mr. Abhinav Kumar Agrawal , Head of Operations of Registrar & Share Transfer Agent i.e. Alankit Assignments Limited and Mrs. Manisha Sharma, Compliance Officer of Alankit Limited for the year ended on 31st March,2024

Alankit Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alankit Assignments Ltd & PACs

Alankit Announcement under Regulation 30 (LODR)-Allotment

with reference to the captioned subject and in accordance with Regulation 30 SEBI ( Listing and Obligations Disclosure Requirements)Regulations, 2015("SEBI Listing Regulations") we wish to inform you that the Management Committee of the Board of Directors at their Meeting held today i.e. March 30, 2024 has, inter alia, considered and approved allotment of 46600000 equity shares on Preferential basis

Alankit Corrigendum To The Notice Of Extra-Ordinary General Meeting

As per the Attachment

With reference to the captioned subject and in continuation to the Extra-Ordinary General Meeting Notice dated Feb 15, 2024, (EGM Notice) issued by Alankit Limited (the Company) for the purpose of seeking approval by way of Special resolution for issue and allotment upto 4,75,00,000 equity shares on preferential basis in lie of outstanding unsecured loan, on such terms and conditions as set out in the EGM Notice which was already sent to the shareholders of the Company on Feb 17, 2024.A corrigendum is being issued to inform the shareholders of the Company regarding the changes made in the EGM notice. A copy of Corrigendum to the EGM Notice is enclosed herewith. Except as detailed in the attached corrigendum, all other particulars and details of the EGM Notice shall remain unchanged. The corrigendum shall be read with the EGM Notice dated Feb 15, 2024 together with the Explanatory Statement.

Alankit Announcement under Regulation 30 (LODR)-Newspaper Publication

SUBMISSION OF NEWSPAPER ADVERTISEMENT FOR PUBLICATION OF CORRIGENDUM TO THE NOTICE OF EXTRA-ORDINARY GENERAL MEETING

Alankit Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Extra-Ordinary General Meeting of Alankit Limited was held on 11.03.2024 at 03:30 p.m. through VC/OAVM in conformity with the regulatory provisions and circulars issued by the MCA.In this regard, please find enclosed herewith, the following:1. Voting Results of the Business transacted at the EGM as required under Regulation 44 of the SEBI (LODR) Regulations, 2015 (Annexure 1).2. Consolidated Scrutinizer Report pursuant Section 108 of the Companies Act, 2013 and other applicable provisions, if any, of the Act and Rules made thereunder (Annexure 2).

Corrigendum to the notice of Extra-Ordinary General Meeting held on March 11, 2024

Alankit Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Proceed...

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, as amended from time to time (Listing Regulations, 2015) read together with Part A of Schedule III thereto, please find enclosed herewith, the proceedings of the Extra Ordinary General Meeting of Members of the Company held on Monday 11th March, 2024 at 3:30 p.m. through Video Conferencing (''VC'') or Other Audio Visual Means (''OAVM'').

Alankit Shareholder Meeting / Postal Ballot-Outcome of EGM

In terms of Regulation 30 SEBI(LODR)Regulations, 2015 and SEBI Circular CIR/CFD/CMD/4/2015 DT SEPTEMBER 9, 2015 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dt. July 13, 2023 on disclosure requirement for Listed Entities, we wish to inform your good office that the Members of the Company at the Extra Ordinary General Meeting held on Monday 11.03.2024 at 03:30 P.M approved: 1. Increase in Authorised Capital by altering Capital Clause (CLAUSE V) of MOA of the Company. "V. The Authorised Share Capital of the Company is Rs. 40,00,00,000 (Rupees Forty Crores only) Divided into 40,00,00,00 Equity Shares of Face value of Rs. 1/- (Rupees One Only) each. 2. Issuance of 4,73,50,000 Equity Shares at face value of rupees 1/- each on Preferential Basis at rupees 20/- each towards conversion of Loan. 3. Issuance of 1,50,000 Equity Shares of Face Value rupees 1/- each on Preferential Basis at rupees 20/- for cash Consideration

Alankit Announcement under Regulation 30 (LODR)-Preferential Issue

In Terms of Regulation 30 of SEBI(LODR) Regulations, 2015 and SEBI circulars CIR/CFD/CMD/4/2015 dt September 9, 2015 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dt. July 13, 2023 on Disclosure requirement for Listed Entities we wish to inform your good office that the Members of the Company at the Extra Ordinary General Meeting held on 11.03.2024 at 03:30 P.M approved: 1. Issuance of 4,73,50,000 Equity Shares of the Face Value of the rupees 1/- each on the Preferential Basis at the price of rupees 20/- each towards Conversion of Loan 2. Issuance of 1,50,000 Equity Shares of the Face Value of rupees 1/- each on the Preferential Basis at the price of Rupees 20/- each for Cash Consideration.

Alankit Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

In Terms of Regulation 30 SEBI(LODR)Regulations, 2015 and SEBI Circular CIR/CFD/CMD/4/2015 DT. September 9, 2015 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dt. July 13, 2023 on disclosure requirement for the Listed Entity we wish to inform your good office that the Members of the Company at the Extra Ordinary General Meeting held on 11.03.2024 at 03:30 P.M had approved the Increase in Authorised Share Capital of the Company by altering the Capital Clause (Clause V)of The MOA of the company

Alankit SUBMISSION OF INFORMATION PURSUANT TO REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULA...

Pursuant to Regulation 30 of SEBI (Listing Obligations and disclosure Requirements ) Regulations, 2015, we are pleased to inform you that Alankit Limited (the Company) has entered in to project with "School Education Department of Uttarakhand " pursuant to Tender granted to the company for providing the Manpower Outsourcing Services - Fixed Remuneration- Education Block Resource person and Cluster Resource Person : Graduate.In consideration of the service to be provided, the company shall be entitled to receive timely payment from "School Education Department of Uttarakhand ". The total value including all duties and taxes is INR 23.66 Crore (Rupee Twenty -Three Crore Sixty -Six Lakh Only).

Submission of Public Notice with respect to convening of Extra-ordinary General Meeting of the CompanyPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 (''Listing Regulation''), read together with Part A of Schedule III thereto, please find enclosed herewith, copy of the newspaper advertisement with the respect to convening of an Extra-ordinary General Meeting of the Company, published by way of advertisement on 18th February,2024, in the Financial Express in English and in Haribhoomi in Hindi.The advertisement is in regard to intimation of Extra-ordinary General Meeting of the Company scheduled to be held on March 11, 2024 through VC/OVAM.

Alankit NOTICE OF THE EXTRA-ORDINARY GENERAL MEETING OF THE COMPANY TO BE HELD ON MONDAY, 11TH MARCH, 2024

Pursuant to Regulation 30 of the Securities Exchange Board of India ( Listing Obligation and Disclosure Requirements) Regulation, 2015 as amended and any other applicable provision, we are pleased to inform that the Extra-Ordinary General Meeting ("EGM") of the Members of Alankit limited (''the Company") will be held through VC/OVAM on Monday the 11th March, 2024 at 03:30 P.M (IST). The copy of the Notice of EGM is enclosed herewith for your kind reference. The Notice convening the EGM of the Company has being dispatched only through electronic mode(email) to the Members who have registered their e-mail IDs with the Depository Participant(s)/ Company. The Notice have also been available on the website of the Company at www.alankit.in.Please be informed that the Company has fixed Monday , 4th March,2024 as the cut-off Date to determine the entitlement of voting rights of the Members eligible to vote either through remote e-voting of through e-voting during theEGM.

SUBMISSION OF NEWSPAPER ADVERTISEMENT FOR PUBLICATION OF UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS OF THE COMPANY FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2023

Alankit Consideration And Approval The Following Businesses:

As per attachement

Alankit Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors In Accordance With Regulation 30 Of The SEBI (Listing...

AS PER ATTACHMENT

Alankit Board Meeting Intimation for INTIMATION OF BOARD MEETING TO BE HELD ON WEDNESDAY, 14TH DAY OF FEBRUARY, 2024 AT 03:30 P....

Alankit Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2024 ,inter alia, to consider and approve 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and Nine Months ended 31st December, 2023. 2. Proposal for issuance of Equity Shares by way of a preferential issue on a private placement basis, in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, and other applicable laws.3. Convening an Extra-ordinary General Meeting for:a) Approval for Increase in the Authorised Share Capital of the Company.b) Alteration in the Capital Clause of Memorandum of Association.c) Issue of Equity Shares on Preferential Basis in lieu of Conversion of Loan.d) Issue of Equity Shares on Cash Basis.

In Compliance with the provisions of Regulation 74(5) of SEBI (Depositiories and Participants) Regulations, 2018, please find the enclosed herewith Certificate issued by Mr. Abhinav Kumar Agrawal, Head of Operations of Registrar & Share Transfer Agent i.e. Alankit Assignments Limited for the Quarter ended 31st December, 2023.

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shree Gajraj Finlease Pvt Ltd

Alankit Closure of Trading Window

Pursuant to the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended from time to time, we wish to inform you that in terms of Company''s Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, the trading window for dealing in securities of the Company for persons specified under the Code, shall remain closed from 1st January, 2024, and shall open 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended 31st December, 2023.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we are pleased to inform you that Alankit Limited (" the Company") has been empanelled for providing services as a Business Correspondent in Canara Bank.

We are pleased to inform you that Alankit Limited ("the Company") has been empanelled for providing services as a Business Correspondent to Uttarakhand Gramin Bank.

Alankit Compliance Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 For T...

In terms of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed herewith, the disclosures of Related Party Transactions for the half year ended September 30, 2023.

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find the enclosed copies of Newspaper Advertisement published on November 10th, 2023 in the following newspapers pertaining to Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half Year ended on September 30, 2023:1. Financial Express in English and2. Haribhoomi in Hindi.This is for your information and records.

Alankit Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Of The Company Held On 09Th November, 2023

Pursuant to Regulation 30 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations''), please be informed that the Board of Directors, at its meeting held today, have, inter-alia:1. Approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2023. In compliance with provisions of Regulation 33 and other applicable provisions of the Listing Regulations, please find enclosed herewith, the aforesaid Financial Results, along with the Limited Review Reports of the Statutory Auditors, thereon.The Meeting Commenced at 03:00 P.M. and Concluded at 03:45 P.M.

Alankit Board Meeting Intimation for MEETING OF BOARD OF DIRECTORS OF THE COMPANY TO BE HELD ON THURSDAY, 09TH DAY OF NOVEMBER, ...

Alankit Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/11/2023 ,inter alia, to consider and approve The Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half Year ended 30th September, 2023.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Government of India, Ministry of External Affairs, Overseas Employment Division has granted Recruitment Agency License to our Company, as evidenced by the Registration Certificate issued under Section 11 of The Emigration Act, 1983, to commence or carry on the business of recruitment for deployment of Indian workers with Foreign Employers.

Pursuant to the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, we wish to inform you that in terms of Companys Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, the trading window for dealing in securities of the Company for persons specified under the Code, shall remain closed from 1st October, 2023, and shall open 48 hours after the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ending 30th September, 2023 are submitted to the Stock Exchanges.

Alankit Shareholder Meeting / Postal Ballot-Scrutinizers Report

Please be informed that the 34th Annual General Meeting (AGM) of the Company was held on 26th September, 2023, through Video Conferencing (VC) facility or Other Audio Visual Means (OAVM), in conformity with the regulatory provisions and Circulars issued by the Ministry of Corporate Affairs, Government of India. In this regard, please find enclosed herewith, the following: 1. Voting Results of the business transacted at the AGM as required under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marked as Annexure 1. 2. Consolidated Scrutinizers Report pursuant to Section 108 and other applicable provisions, if any, of the Act and the Rules made thereunder [including any statutory modification(s) or re-enactment(s) thereof, for the time being in force], marked as Annexure 2.

Biggest gainers & losers of the day: Cement stocks rally, Hinduja Global tanks 20%

The 30-share pack Sensex gained 142.81 points or 0.24 per cent to close at 59,744.65. Its broader peer Nifty50 added 66.80 points or 0.38 per cent to settle at 17,812.70. The broader markets outperformed as the BSE midcap smallcap indices added half a per cent each.