Alps Industries Limited has informed the Exchange regarding 'loan statement'.
Awaiting price reaction for this filing.
Alps Industries has filed its quarterly (Q3 FY26, ended Dec 31, 2025) disclosure of loans and financial indebtedness. The company reports no outstanding bank loans or revolving facilities such as cash credit. Total financial indebtedness stands at INR 21.60 crore, entirely in the form of Non-Convertible Redeemable Preference Shares (NCRPS). Importantly, the filing notes that the company's entire pre-existing debt has been settled under a resolution plan approved by the National Company Law Tribunal (NCLT) on November 4, 2025, and implemented during the quarter. Fresh NCRPS of face value Rs. 1 crore were issued as part of this approved plan.
This marks a major positive turning point for shareholders — the company has successfully exited NCLT insolvency proceedings with all legacy debt settled, and the balance sheet has been restructured under a court-approved plan. Existing equity holders typically face significant dilution in such resolutions, so investors should watch for any announcements on share structure or promoter changes. The stock may see speculative trading interest as a resolved company.