Alps Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/12/2025 ,inter alia, to consider and approve Intimation of Board Meeting ....
Awaiting price reaction for this filing.
Alps Industries has called a board meeting on December 10, 2025 to implement a Resolution Plan approved by NCLT Prayagraj on November 4, 2025. The board will consider a 99% reduction in equity share capital — the face value of existing 3,91,14,100 equity shares will drop from Rs. 10 each (aggregating Rs. 39.11 crore) to Rs. 0.10 each (aggregating Rs. 39.11 lakh). Additionally, 10 shares of Rs. 0.10 each will be consolidated into 1 share of Rs. 1 each, effectively a 10:1 reverse stock split.
This is a significant capital restructuring emerging from an insolvency resolution process, which typically results in major dilution or adjustment for existing shareholders. The combined effect of the 99% capital value reduction and 10:1 consolidation means shareholders will end up with 1 share of Rs. 1 face value for every 100 shares of Rs. 10 face value previously held, likely as part of a debt restructuring and haircuts to existing equity.