N15 Vzr overcharging

Hi lads, so the battery light on my Pulsar is on and I thought it must be the alternator undercharging but when i checked it with my multimeter it was giving a reading of 15.3v and between 15.1v and 15.2v when under load (lights on etc).
I was under the impression the battery light only comes on when undercharging and not overcharging or does it come on if the voltage goes over or under set limits? I don't want to buy a alternator if it's something else causing my problem.
Also do regular almera arch liners fit a vzr because mine are missing on both sides.

Thanks
 
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