Alps Industries Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
Awaiting price reaction for this filing.
Alps Industries Limited has amended its Memorandum and Articles of Association via a postal ballot, results declared on February 27, 2026. The new authorized share capital is set at Rs. 345 crores, divided into 345 crore shares of Rs. 1 each, comprising 90 crore equity shares and 255 crore preference shares of Rs. 1 each. The resolution was passed with overwhelming support — 99.93% of equity shareholders voted in favour. The postal ballot also covered related items including the appointment of directors (Mr. Nishant Sharma as Executive Director, Ms. Ayushi Kukreja and Ms. Sandhya Kohli as Independent Directors, Mr. Sanjeev Khanna as Non-Executive Non-Independent Director) and a change of registered office outside local city limits.
The restructuring creates a large headroom for issuing preference shares (up to 255 crore shares), giving the company flexibility to raise capital in the future, though no immediate equity dilution or fundraising is announced. Shareholders should watch for any future issuance or conversion of these preference shares, which could affect equity value.