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 the stock exchanges that the next meeting of its Committee of Creditors (CoC) will be held on May 19 and May 20, 2025. The meeting is being conducted under the instructions of the Resolution Professional (RP), which indicates the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. This filing is a routine regulatory disclosure under SEBI LODR regulations to keep the market informed of insolvency-related developments.
The company remains under insolvency proceedings, and this CoC meeting could involve key decisions such as evaluation of resolution plans or further course of action. Shareholders should note that during CIRP, equity value is typically at high risk, and any resolution could lead to significant dilution or restructuring of existing shareholdings.