Alps Industries Limited has informed the Exchange about the intimation next meeting of Committee of Creditors (COC) to be held on Thursday, 15 May, 2025.
Awaiting price reaction for this filing.
Alps Industries has informed the stock exchanges that the next meeting of the Committee of Creditors (COC) will be held on Thursday, 15 May 2025. The intimation is filed under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 30, and notably is being made under the instructions of the Resolution Professional (RP). This indicates the company is currently going through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), with periodic COC meetings being a mandatory procedural requirement during the resolution process.
This is a procedural update confirming ongoing insolvency resolution proceedings. Shareholders should be aware that the company remains under CIRP, meaning the Resolution Professional is in control and equity holders typically face significant risk of dilution or loss. No immediate price catalyst is expected, but investors should watch for outcomes from this COC meeting regarding any resolution plan.