ALPS INDUSTRIES LIMITED INTIMATING THE STOCK EXCHANGE IN REGARDS WITH THE OUTCOME OF THE BOARD MEETING AS HELD FOR THE QUARTER AND HALF-YEAR ENDED 30-09-2025.
Awaiting price reaction for this filing.
Alps Industries Limited's Board, chaired by Resolution Professional Hemant Sharma, approved unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025) on November 14, 2025. Revenue from operations stood at NIL for the quarter and half-year, while total income was Rs. 1,674.78 lakh in Q2 and Rs. 3,371.78 lakh in H1 FY26. The company reported a net loss of Rs. 1,709.71 lakh in Q2 and Rs. 3,403.08 lakh in H1 FY26. Shareholders' funds are deeply negative at Rs. (92,766.68) lakh. The auditor issued a qualified conclusion, flagging that the company has not provided for interest and waived principal liabilities totaling Rs. 2,21,948.82 lakh under a now-revoked restructuring scheme. The company is currently under the IBC process — NCLT approved the resolution plan on November 4, 2025, and it is now under implementation. The financials have been prepared on a going concern basis.
This is a deeply distressed stock — revenue is zero, the company is under insolvency proceedings, and shareholders' equity is wiped out (negative Rs. 92.7 crore). A resolution plan has been approved by NCLT, which is positive for revival, but existing shareholders will likely face severe dilution or total loss. Retail investors should treat this as a high-risk situation with the possibility of equity write-off once the resolution plan is implemented.