Alankit Ltd - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that Alankit Limited has entered into a project from Punjab National Bank related to request for proposal for Engagement of Corporate Business Correspondents for financial inclusion by providing banking services through Kiosks. In consideration of the roles and responsibilities, Alankit Limited shall be entitled to receive from Punjab National Bank substantial amount. Alankit believes that growth in Order Book position is a result of their track record of successful execution of projects, which has led to ability to successfully bid and win new projects. The growth of average size of new orders, together with our diversified business activities in the projects, the risks associated with any particular industry, while simultaneously helping us to benefit from the synergies of operating in diverse business sectors. <BR> <BR>