Alps Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process- outcome of committe of creditors as held on 18-07-2025.
Awaiting price reaction for this filing.
Alps Industries Limited has disclosed the outcome of the 11th meeting of the Committee of Creditors (CoC) held on July 18, 2025, under the ongoing Corporate Insolvency Resolution Process (CIRP). The CoC discussed and noted the status of applications currently pending before the Hon'ble NCLT. It also reviewed and took note of the CIRP expenses incurred during the period. Additionally, members approved a maximum time gap of 90 days between two consecutive CoC meetings. The e-voting for these resolutions ran from July 19 to July 22, 2025.
The company remains under insolvency proceedings with no resolution plan yet approved. Continued pendency before NCLT and the 11th CoC meeting suggest an extended resolution process, which is typically negative for shareholders as equity value is often eroded in such prolonged CIRPs.