Alps Industries: Share capital restructuring under NCLT-approved Resolution Plan

Board approved three steps under the NCLT-approved Resolution Plan (order dated Nov 4, 2025): equity face value cut from Rs 10 to Rs 0.10 (99 percent reduction), then 10 shares of Rs 0.10 consolidated into 1 share of Rs 1. Also to issue 1 crore 0.01 percent non-cumulative redeemable preference shares at Rs 603 premium each, aggregating Rs 604 crores, to EARCL in settlement of their claim.