CIRP- Prior Intimation of meeting of Committee of Creditors.
Awaiting price reaction for this filing.
Alps Industries has informed the stock exchanges that the next meeting of its Committee of Creditors (CoC), under the ongoing Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC), 2016, is scheduled for Monday, August 18, 2025. The filing was made under SEBI's listing rules at the instruction of the company's Resolution Professional. Alps Industries is already admitted into insolvency proceedings, and a Resolution Professional is currently managing the company's affairs. This is a routine regulatory disclosure required during the CIRP process.
The company remains under insolvency resolution, meaning shareholders face continued uncertainty about share value and recovery. The outcome of CoC meetings—such as approval of a resolution plan or liquidation decision—can materially impact stock price and shareholder returns.