Intimation in regards with the appointment of Secretarial Auditor of the Company.
Awaiting price reaction for this filing.
Alps Industries Limited has appointed M/s Reshi & Associates, Company Secretaries (Firm Registration No. S2011JK536600), as its new Secretarial Auditor for a first term of five consecutive years, covering FY 2025-26 to FY 2029-30. The appointment was approved by the Board of Directors on August 14, 2025, based on the recommendation of the Audit Committee, which operates under the chairmanship of Mr. Hemant Sharma, the Resolution Professional appointed under the Insolvency and Bankruptcy Code (IBC), 2016. The appointment is subject to approval from shareholders at the forthcoming general meeting, as required by SEBI's December 2024 circular on secretarial auditor appointments.
This is a routine governance disclosure and a regulatory requirement under SEBI's December 2024 circular mandating the appointment of a secretarial auditor. The fact that decisions are being taken under the oversight of a Resolution Professional indicates the company is still under the IBC insolvency resolution process, which remains a key risk factor for shareholders.