Alps Industries Limited has informed the Exchange about Intimation of Next Meeting Of Committee of Creditors ( Coc ) To Be Held On Thursday, 15 May, 2025.
Awaiting price reaction for this filing.
Alps Industries Limited has informed the stock exchanges that the next meeting of its Committee of Creditors (CoC) will be held on Thursday, 15 May 2025. The intimation was made under SEBI LODR regulations on the instructions of the Resolution Professional (RP). The mention of an RP and a CoC meeting indicates the company is currently under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). This is a routine procedural update required during ongoing insolvency proceedings. No resolution plan details or financial figures were disclosed in this filing.
For shareholders, this confirms the company remains under insolvency resolution, which typically means existing equity value is highly uncertain and could be significantly diluted or wiped out depending on the resolution plan approved by creditors. The stock is likely to remain volatile and risky until a resolution plan is finalised.