Alps Industries Limited hereby intimate the exchange about the outcome of the meeting of committee of creditors as held on 18-07-2025.
Awaiting price reaction for this filing.
Alps Industries has informed exchanges about the outcome of the 11th meeting of the Committee of Creditors (CoC), conducted by the Resolution Professional (RP). This signals that the company is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). Three agenda items were covered: the status of applications pending before the NCLT (discussed and noted), the CIRP expenses incurred so far (discussed and noted), and approval of a maximum 90-day gap between two CoC meetings (approved via e-voting held from July 19 to July 22, 2025). The presence of an RP and ongoing CoC meetings confirms the company is in active insolvency proceedings.
This is a routine procedural update confirming that insolvency proceedings against Alps Industries are ongoing. Shareholders face significant uncertainty as the company's fate depends on a yet-to-be-finalised resolution plan. The stock is likely to remain thinly traded or illiquid given the ongoing CIRP.