Amendment in MOA & AOA AS AUTHORISED CAPITAL OF COMPANY HAS BEEN CHANGED
Awaiting price reaction for this filing.
Alps Industries has amended its Memorandum and Articles of Association to revise the authorised share capital. The new authorised capital is Rs. 345 crore, divided into 345 crore shares of Rs. 1 each, split into 90 crore equity shares and 255 crore preference shares (cumulative/non-cumulative, redeemable, convertible, etc.). The change was approved via postal ballot with results declared on February 27, 2026, with over 99.93% of votes in favour. Along with this, shareholders also approved several director appointments and a change of registered office through the same postal ballot.
This is a structural/governance change that increases the company's flexibility to raise funds in the future through equity or preference shares, but it does not result in any immediate issuance, dilution, or change for current shareholders.