INFORMATION FOR DECISIONS TAKEN AT THE MEETING OF BOARD OF DIRECTORS HELD ON TUESDAY, JANUARY 13, 2026.
Awaiting price reaction for this filing.
The Board of Directors of Alps Industries Ltd met on January 13, 2026 (from 2:00 PM to 5:00 PM) and approved several items, including a Postal Ballot notice for shareholder approval. Key proposals going to shareholders via Postal Ballot include changing the registered office outside local city limits and amending the Authorized Share Capital clause in the Memorandum of Association. On the leadership front, Mr. Vinod Kumar (Whole-Time Director) resigned citing personal reasons, and Mr. Nishant Sharma, aged 43, with over 18 years of experience in accounts, finance and stock markets, was appointed as the new Whole-Time Director effective the same day, subject to shareholder approval at the upcoming general meeting.
Shareholders will soon receive a Postal Ballot to vote on the registered office shift and the authorized share capital change. The director change is procedural but worth noting for governance continuity; near-term stock impact is likely limited unless the postal ballot items signal a restructuring or fundraising plan.