Alps Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process- Intimation in regards with the COC meeting as to be held on 18-07-2025.
Awaiting price reaction for this filing.
Alps Industries Limited has informed the stock exchanges about an upcoming meeting of the Committee of Creditors (CoC) to be held on July 18, 2025. The meeting is being conducted as part of the ongoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. This intimation has been made pursuant to SEBI LODR regulations and as instructed by the Resolution Professional (RP). The company has been under insolvency proceedings, indicating it is in an advanced stage of financial distress.
Shareholders should note that the company is already under CIRP, meaning equity holders face significant uncertainty and likely dilution or loss of value as the resolution process progresses. The outcome of the CoC meeting could influence the final resolution plan and any potential revival or liquidation of the company.