Alps Industries Limited has informed the Exchange about Intimation of Next Meeting Of Committee of Creditors ( Coc ) To Be Held On Monday, 19 May, 2025 and Tuesday, 20 May, 2025.
Awaiting price reaction for this filing.
Alps Industries Limited has informed NSE and BSE about the next meeting of its Committee of Creditors (CoC), scheduled for Monday, May 19, 2025 and Tuesday, May 20, 2025. The filing has been made under Regulation 30 of SEBI LODR on the instructions of the Resolution Professional (RP), indicating that the company is currently under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The company is led by Ajay Gupta, Company Secretary and Asst. Vice President – Legal, who signed the intimation.
This is a routine procedural update during an ongoing insolvency resolution process. It signals continued IBC proceedings but does not indicate approval or rejection of any resolution plan at this stage. Shareholders should watch for outcomes of CoC meetings, which could materially affect equity value, potentially leading to dilution, restructuring, or liquidation depending on the resolution path taken.