Alps Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/12/2025 ,inter alia, to consider and approve We hereby submit the prior ....
Awaiting price reaction for this filing.
Alps Industries has informed the exchanges that its Board of Directors will meet on Friday, December 19, 2025, at 4:00 PM. The main item on the agenda is to consider and approve the issuance and allotment of 7,30,02,000 equity shares of Re. 1 each (aggregating Rs. 7,30,02,000) at par to the consortium of successful resolution applicants. This share issuance is part of the implementation of the resolution plan approved by the Hon'ble NCLT vide order dated November 04, 2025. The company was undergoing the corporate insolvency resolution process under the IBC. Any other matter with the Chairman's permission may also be taken up.
This is a significant event for existing shareholders: 7.30 crore new equity shares will be issued to the resolution applicants, leading to substantial dilution of current shareholders. The allotment signals the company is exiting the insolvency resolution process and restarting operations under new promoters/management, which could be positive for long-term revival but dilutive in the near term.