Alps Industries Limited has informed the Exchange about the Outcome of the Ninth Meeting of Committee of Creditors (COC) as held on 19-05-2025 and 20-05-2025.
Awaiting price reaction for this filing.
Alps Industries Limited has disclosed the outcome of its 9th meeting of the Committee of Creditors (COC) held on May 19 and May 20, 2025 via video conferencing. The only agenda item was a discussion with prospective resolution applicants aimed at maximizing the value of the resolution plans they have submitted. The discussion was noted by the COC. The company is currently undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, and this filing is made under SEBI's Listing Obligations and Disclosure Requirements. The minutes of the meeting were circulated on June 3, 2025.
The company remains in active insolvency proceedings with no resolution plan approved yet. Shareholders should note that equity could face significant dilution or be written down depending on the final resolution plan approved by the COC and the NCLT.