Alps Industries Limited has informed the Exchange about the intimation for postponement of next meeting of committee of creditors (''COC") to now be held on Friday, 16 May, 2025.
Awaiting price reaction for this filing.
Alps Industries Limited has informed the stock exchanges that the next meeting of the Committee of Creditors (COC), originally scheduled for May 15, 2025, has been postponed to Friday, May 16, 2025 due to unavoidable reasons, as communicated by the Interim Resolution Professional (IRP). The company is acting under the instructions of the Resolution Professional (RP) as part of its ongoing insolvency resolution process. The disclosure is being made under SEBI LODR Regulation 30 read with Schedule III requirements.
The one-day postponement is procedural and unlikely to materially impact the stock, but it confirms the company is still under insolvency resolution, meaning shareholders remain in a waiting position with no clear timeline for resolution or revival.