Alps Industries Limited has informed the Exchange regarding 'Limited review report'.
Awaiting price reaction for this filing.
Alps Industries Limited has submitted its limited review report for the quarter and nine months ended 31 December 2025, signed by statutory auditor O Aggarwal & Co. Both the standalone and consolidated reports carry an 'Emphasis of Matter' paragraph drawing attention to Note No. 3, which discusses the implementation of the company's resolution plan approved by the National Company Law Tribunal (NCLT) and its impact on the financial results. The consolidated results include two subsidiaries — Alps Energy Private Limited and Alps USA Inc. — whose interim financials were not reviewed by their auditors and show nil revenue. The auditor has not modified its conclusion in respect of these matters.
For shareholders, the NCLT resolution plan reference signals that the company has undergone a formal insolvency/restructuring process, which is a significant event. While the auditor's conclusion is unmodified, the emphasis of matter means investors should carefully review Note No. 3 of the financial statements to understand how the resolution plan affects reported numbers, debt structure, and future operations. This is a material disclosure that warrants attention before drawing conclusions about the company's financial health.