Alps Industries Limited has informed the Exchange that Record date for the purpose of Consolidation & Reduction in Capital is 02-Jan-2026.
Awaiting price reaction for this filing.
Alps Industries Limited has informed the exchange that 02-Jan-2026 has been fixed as the record date for the purpose of Consolidation & Reduction in Capital. This means shareholders holding shares as of that date will be eligible for the proposed share consolidation and capital reduction exercise. The company has not announced any specific ratio or quantum in this filing. Shareholders should monitor further announcements for details on the impact on shareholding and face value.
Capital reduction and share consolidation typically reduce the number of outstanding shares and may impact the stock's price and liquidity. Shareholders should watch for further details on the ratio and await the corporate action for clarity on value impact.