In terms of Regulation 29, 33 & 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of Board of Directors was held ....
Awaiting price reaction for this filing.
The Board of Directors of Alps Industries Ltd met on March 20, 2026, and approved the unaudited financial results for Q3 and nine months ended December 31, 2025, along with the re-appointment of the Internal Auditor for FY 2026-27. The results reflect the implementation of the NCLT-approved resolution plan (approved on November 4, 2025 with 100% CoC majority), under which Edelweiss Asset Reconstruction Company was the successful resolution applicant. The company recognized a standalone net profit of Rs. 620.34 lakh in Q3 FY26, swinging from a loss of Rs. 1,604.94 lakh in Q3 FY25, primarily due to one-time write-off of creditor liabilities shown as exceptional items. However, for the nine-month period, the company remains in net loss of Rs. 4,766.92 lakh. Equity capital was restructured: existing 3.91 crore shares of Rs. 10 each were consolidated to 39.11 lakh shares of Rs. 1 each, and 7.30 crore fresh shares of Rs. 1 each were issued to the resolution applicant. The auditor issued an Emphasis of Matter on the resolution plan implementation.
This is a major turnaround event following the company's exit from IBC insolvency proceedings. Old shareholders faced significant equity dilution (existing shares consolidated 10:1 and 7.30 crore new shares issued to the new promoter). The Q3 profit is largely accounting-driven from liability write-offs rather than operational improvement, as core nine-month performance remains in losses. Stock price action may be volatile due to the fresh share issuance and listing of new shares currently in process.