Alok Industries

BENGALURU, July 16 (Reuters) - Diary of India economic, corporate events on July 16

ECONOMIC, CORPORATE .BSE500 EVENTS:

AMC - After Market Close

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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April 16 (Reuters) - Alok Industries Ltd ALOK.NS:

• INDIA’S ALOK INDUSTRIES MAR-QUARTER CONSOL NET LOSS 1.93 BILLION RUPEES

• ALOK INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.83 BILLION RUPEES

Further company coverage: ALOK.NS

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** Indian textile stocks rise between 1.5% and 3% on Tuesday

** India ​on Monday withdrew a 50% ‌restriction on benefits from ​a program that supports exporters called ⁠the Remission ​of Duties and ​Taxes on Export Products

** Program reimburses exporters for taxes, duties and levies at central, state, and local levels that are not refunded under any other government program but are incurred during the manufacture and distribution of export products

** The move is positive for home textile and technical textile companies which avail benefits under the RoDTEP scheme, providing immediate relief amid challenging macro conditions, analysts at ICICI Securities say

** Welspun Living WLSP.NS leads the pack with a 3% gain, Alok Industries ALOK.NS is up 2.3% and Arvind ARVN.NS advances 1.5%

** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS up about 2% and 3% respectively

**YTD, WLSP down 13%, ALOK down 22%, ICNT down ~19%, ARVN up ~11% and GOKL down 21%

(Reporting by Komal Salecha in Bengaluru)

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**Indian textile stocks fall as much as 2.3% on Thursday

**Decline comes after U.S. President Donald Trump's administration launches new trade investigation into excess industrial capacity in 16 major trading partners, including India

**The "Section 301" unfair trade practices investigation could lead to new tariffs imposed against the countries

**Indian textile exporters have significant exposure to the U.S., making them vulnerable to trade restrictions

**Welspun Living leads losses with 2.3% drop, trailed by a 2% decline each in Alok Industries ALOK.NS and Arvind ARVN.NS

** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS down about 1% each; benchmark Nifty 50 .NSEI falls 0.53%

**YTD, WLSP down 11.3%, ALOK down 18.9%, ICNT down 14.2%, ARVN up 3.5% and GOKL down 18.8%

(Reporting by Mridula Kumar in Bengaluru)

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** Indian textile stocks fall as much as 6%

** The government has halved benefits under the RoDTEP scheme for exporters in textiles and gems & jewellery, restricting incentives to 50% of notified rates and value caps with immediate effect

** Alok Industries ALOK.NS loses 1.83%, Trident TRIE.NS down 2.26%, Gokaldas Exports GOKL.NS drops 4.5% and Arvind Ltd ARVN.NS slips about 6%

** Amid weak global demand and U.S. tariffs, the move raises competitiveness concerns, brokerage ICICI Securities says

** Adds these uncertainties will weigh on textile stocks in the near term

** Exporters might have to take the burden of 1%-2% cost increase on profitability - ICICI Securities

** YTD, ALOK down ~10%, TRIE sheds ~3%, GOKL loses 4% and ARVN up ~12%

(Reporting by Komal Salecha in Bengaluru)

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** Shares of Indian textile stocks rise as much as 7%

** U.S. Supreme Court on Friday struck down import levies imposed by President Donald Trump, prompting him to raise a temporary tariff to 15%

** Alok Industries ALOK.NS up 1.3%, Trident TRIE.NS gains as much as 7%, Gokaldas Exports GOKL.NS climbs as much as 2% and Arvind Ltd ARVN.NS rises 3%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India government statement

** YTD ALOK down 5.4%, TRIE up 0.37%, GOKL gained 6% and ARVN up 18%

(Reporting by Komal Salecha in Bengaluru)

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** Shares of Indian textile stocks rise between 0.5% to 3.6%

** Alok Industries ALOK.NS up 0.5%, Trident TRIE.NS gains 2.02%, Gokaldas Exports GOKL.NS climbs 3.6% and Arvind Ltd ARVN.NS rises 3.5%

** The U.S. and India agreed on an interim trade framework that lowers tariffs on key Indian exports, including textiles and apparel, to 18%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India govt statement

** YTD, ALOK down 0.2%, TRIE up 3.6%, GOKL gained 5.3% and ARVN up 16.1%

(Reporting by Surbhi Misra in Bengaluru)

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** Shares of Indian textile stocks jump between 8.5% and 20%

** U.S. President Donald Trump on Monday announced a trade deal with India, slashing tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers

** Indo Count ICNT.NS and KPR Mills KPRM.NS lead gains among pack, jumping 20%

** Gokaldas Exports GOKL.NS, Welspun Living WLSP.NS zoom 19% each

** Trident TRIE.NS, Arvind ARVN.NS surge 13% each

(Reporting by Kashish Tandon in Bengaluru)

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Jan 30 (Reuters) - Alok Industries Ltd ALOK.NS:

• ALOK INDUSTRIES LTD - HARSH BAPNA RESIGNS AS CEO

Source text: ID:nnAZN4S6ESE

Further company coverage: ALOK.NS

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** Shares of Indian textile makers rise as India-EU trade deal expected to benefit them

** Welspun Living WLSP.NS, Indo Count Industries ICNT.NS, and KPR Mill KPRM.NS rise 6%, 4.5% and 4%, respectively; Trident TRIE.NS, Arvind ARVN.NS and Vardhman Textiles VART.NS up 2%-2.5%

** Gokaldas Exports GOKL.NS down 2.5%

** India-EU trade deal significantly positive for cos, particularly home textiles and garment players - PhillipCapital

** Deal expected to give level-playing field to Indian textile exporters, PhillipCapital says

** India exports about $7.7 billion worth of textiles and apparel to EU market, which represent ~20% of the country's textile exports

** Most Indian home textile players mainly focused on U.S. market as they face 12% duty in EU market, compared to zero duty on Vietnam, Bangladesh and Pakistan - brokerage

** PhillipCapital expects short term challenges during transition as EU has suspended preferential tariff benefits for Indian apparel exports from 1 January 2026 to 2028

(Reporting by Vivek Kumar M)

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Jan 15 (Reuters) - Alok Industries Ltd ALOK.NS:

• DEC-QUARTER CONSOL NET LOSS 2.18 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.58 BILLION RUPEES

Source text: ID:nBSE91jX3V

Further company coverage: ALOK.NS

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** Shares of Indian textile firms fall between 2% and 5%

** Gokaldas Exports GOKL.NS loses the most among the pack, down 5.25%

** Welspun Living WLSP.NS down 3.27%, Arvind ARVN.NS falls 2.28%, KPR Mill KPRM.NS loses 1.83%

** Indo Count ICNT.NS and Trident TRIE.NS retreat 2.87% and 3.32% respectively

** Drop amid a weaker broader market, with benchmark Nifty 50 index .NSEI down 0.3% on the day .BO

** Markets unsettled over absence of a long-awaited India-US trade deal, concerns that US President Donald Trump may hike tariffs on Indian goods, analysts say

** Indian goods face up to 50% US tariffs since last year; textiles are among the key export sectors

** In 2025, GOKL shed the most among the pack, down ~35%

(Reporting by Komal Salecha and Hritam Mukherjee in Bengaluru)

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** Shares of Indian textile firms jump after U.S. President Donald Trump says his administration is continuing negotiations to address trade barriers with India

** Trump and Prime Minister Narendra Modi will likely talk in "upcoming weeks," raising hopes of a deal after weeks of discord

** Welspun Living WLSP.NS leads gains, up 8.6%, followed by Gokaldas Exports GOKL.NS, up 6.8%

** Vardhman Textiles VART.NS, Arvind ARVN.NS, KPR Mill KPRM.NS rise 5%, 3.3% and 2.1%, respectively

** Alok Industries ALOK.NS, Trident TRIE.NS and Indo Count ICNT.NS up 5.4%, 5.3% and 5.5%, respectively

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.; the country is the biggest market for India's garment exporters

(Reporting by Manvi Pant in Bengaluru)

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** India's Alok Industries ALOK.NS falls 5.6% to 20.80 rupees, set for biggest daily pct. losses since April 25

** Reliance Industries RELI.NS-promoted textile co's Q1 revenue down 7.3% y/y

** Posts 1.72 billion rupees loss for the quarter, vs 2.07 billion rupees loss a year ago

** More than 31 million shares change hands, vs 30-day avg. volume of ~40 million

** YTD, ALOK down 1%

(Reporting by Vivek Kumar M)

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July 17 (Reuters) - Alok Industries Ltd ALOK.NS:

• JUNE-QUARTER CONSOL NET LOSS 1.72 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.32 BILLION RUPEES

Source text: ID:nBSEZX92b

Further company coverage: ALOK.NS

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** Shares of India's textile companies rise as much as 11% after U.S. announces 35% tariffs on Bangladesh, while President Donald Trump hints at deal with India

** Alok Industries ALOK.NS surges 11%, while KPR Mill KPRM.NS and Vardhman Textiles VART.NS add 5.2% and 6.8%, respectively

** Gokaldas Exports GOKL.NS, Indo Count Industries ICNT.NS and Trident TRIE.NS rise around 7%, 6% and 5%, respectively

** Bangladesh is one of the key exporters of ready-made garments to the U.S., and competes directly with Indian garment manufacturers

** "If India manages to sign favourable deal with U.S., we might see lower tariffs on ready-made garment exports compared with other countries such as China, Vietnam and Bangladesh," says ICICI Securities

** Adds that scenario for Indian textile manufacturers is positive as of now

(Reporting by Vivek Kumar M)

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** India's textile stocks surge for second consecutive session after Britain and India clinch landmark trade deal

** Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, and S.P. Apparel SPAP.NS jump 7.4%-7.6%, all three hit three-month highs

** KPR Mill KPRM.NS jumps over 6% to hit lifetime high

** The deal, between the world's fifth and sixth largest economies, has been concluded after three years of stop-start negotiations and aims to increase bilateral trade by a further 25.5 billion pounds ($33.90 billion) by 2040

** UK imports ~$25 billion of textiles per year, which is dominated by China (21%) and Bangladesh (13%), while India's share is 5%-6%, Jefferies says

** The new deal, which paves way for zero tariffs on most textile imports into UK, puts Indian companies at par with Bangladesh and Pakistan, and at an advantage compared to China - brokerage

** Among other textile stocks, Trident TRIE.NS, Arvind Ltd ARVN.NS, and Alok Industries ALOK.NS up 2.6%, 3.4%, and 5.5%, respectively

($1 = 0.7522 pounds)

(Reporting by Vivek Kumar M)

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April 21 (Reuters) - Alok Industries Ltd ALOK.NS:

• MARCH-QUARTER CONSOL NET LOSS 744.7 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.53 BILLION RUPEES

Source text: ID:nBSE68G8P7

Further company coverage: ALOK.NS

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Jan 16 (Reuters) - Alok Industries Ltd ALOK.NS:

• DEC-QUARTER CONSOL NET LOSS 2.73 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.64 BILLION RUPEES

Source text: ID:nBSE1SRtVP

Further company coverage: ALOK.NS

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BENGALURU, Sept 3 (Reuters) - Diary of India economic, corporate events on September 3.

ECONOMIC, CORPORATE .BSE500 EVENTS:

(Compiled by Bengaluru Newsroom)

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July 16 (Reuters) - Alok Industries Ltd ALOK.NS:

• JUNE-QUARTER CONSOL NET LOSS 2.07 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 10.06 BILLION RUPEES

Further company coverage: ALOK.NS

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June 28 (Reuters) - Alok Industries Ltd ALOK.NS:

• APPOINTED ANIL KUMAR MUNGAD AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE32L1X5

Further company coverage: ALOK.NS

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Jan 17 (Reuters) - Alok Industries Ltd ALOK.NS:

• DEC-QUARTER CONSOL NET LOSS 2.3 BILLION RUPEES VERSUS LOSS 2.5 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.53 BILLION RUPEES VERSUS 17.18 BILLION RUPEES

Source text for Eikon: ID:nBSE4NhTjM

Further company coverage: ALOK.NS

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Adds block deal data and updates share move

** Shares of textiles manufacturer Alok Industries ALOK.NS up as much as 12.8% to 29.1 rupees, their highest level since April 2022
** Stock on track for a fourth consecutive session of gains, if trends hold

** Reliance Industries RELI.NS on Tuesday said it invested 33 bln rupees ($396.06 mln) in ALOK by subscribing to preferential shares of co

** Over 37 mln shares changed hands in 36 block deals in range of 23.25-29 rupees a share - LSEG data

** Nearly 171 mln shares traded by 12:58 p.m. IST, 5.8x the 30-day moving average

** ALOK rose 37.3% in 2023 after a near 40% slump in 2022

($1 = 83.3200 Indian rupees)

(Reporting by Nishit Navin)

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** Shares of textiles manufacturer Alok Industries ALOK.NS jump 20% to 25.80 rupees, their highest level since May 2022
** Stock locked in upper circuit

** Reliance Industries RELI.NS on Tuesday said it invested 33 bln rupees ($396.2 million) in ALOK by subscribing to preferential shares of co

** Shares of RELI largely flat

** ALOK approved issue of preference shares to RELI in November

** RELI, the largest shareholder of ALOK, holds a 40% stake in co

** ALOK rose ~37% in 2023 after a ~40% slump in 2022

($1 = 83.3000 Indian rupees)

(Reporting by Nishit Navin)

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Dec 6 (Reuters) - Alok Industries Ltd ALOK.NS:

• ENTERED INTO AGREEMENTS WITH STATE BANK OF INDIA FOR AVAILING TERM LOAN OF 17.50 BILLION RUPEES

• ENTERED INTO AGREEMENTS WITH STATE BANK OF INDIA FOR WORKING CAPITAL FACILITY OF 900 MILLION RUPEES

Source text for Eikon: ID:nBSE7NFf4Z

Further company coverage: ALOK.NS

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Nov 7 (Reuters) - Alok Industries Ltd ALOK.NS:

• ISSUE OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES ON A PRIVATE PLACEMENT BASIS TO RELIANCE INDUSTRIES

• PREFERENCE SHARES ISSUE WORTH UP TO 33 BILLION RUPEES

Source text for Eikon: ID:nBSE28wQDk

Further company coverage: ALOK.NS

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Oct 23 (Reuters) - Alok Industries Ltd ALOK.NS:

• DESIGNATED VINOD SUREKA AS CFO

Source text for Eikon: ID:nNSEXCztq

Further company coverage: ALOK.NS

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** Shares of Alok Industries ALOK.NS fall as much as 5% to 15.2 rupees, their lowest level since June 19

** Co's Q1 consol net loss widens to 2.26 bln rupees ($27.6 mln) from 1.42 bln rupees a year ago; rev from ops down 28.5% YoY

** More than 7 mln shares traded as of 10:05 a.m. IST

** As of last close, stock up ~3% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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July 19 (Reuters) - Alok Industries Ltd ALOK.NS:

• APPOINTS RAM RAKESH GAUR AS CHIEF EXECUTIVE OFFICER

• NAMES VINOD SUREKA AS JOINT CFO

Source text for Eikon: ID:nBSE6t0vG1

Further company coverage: ALOK.NS

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