Alps Industries Limited has informed the Exchange regarding Appointment of Reshi and Associates, Company secretaries as Other of the company w.e.f. August 14, 2025. Secretarial Auditors
Awaiting price reaction for this filing.
Alps Industries Limited has appointed M/s Reshi & Associates, Company Secretaries, as its new Secretarial Auditor for a first term of five consecutive years, from FY 2025-26 to FY 2029-30. The appointment was approved by the Board on August 14, 2025, based on the recommendation of the Audit Committee, and is subject to shareholder approval at the next general meeting. Importantly, the recommendation was made under the chairmanship of Mr. Hemant Sharma, the Resolution Professional under the Insolvency and Bankruptcy Code (IBC) 2016, indicating that the company is currently undergoing the insolvency resolution process. Reshi & Associates is a peer-reviewed firm with experience across all relevant fields.
This is a routine governance compliance filing and is not expected to materially impact the stock price on its own. However, the IBC context is significant — shareholders should note that the company is under insolvency proceedings, and the appointment of a secretarial auditor is being overseen by the Resolution Professional rather than through a standard promoter-driven process.