Intimation in regards with the Appointment of the Statutory Auditor of the Company.
Awaiting price reaction for this filing.
Alps Industries Ltd, currently under the Corporate Insolvency Resolution Process (CIRP) under IBC 2016 with Mr. Hemant Sharma as Resolution Professional, has appointed M/s O. Aggarwal & Co. (FRN 005755N) as its new Statutory Auditor on August 14, 2025. The appointment fills a casual vacancy caused by the resignation of the previous auditor, M/s A S Goel & Co. (FRN 017868C), Ghaziabad. The new auditor will hold office for a maximum of three months or until shareholders approve the appointment at the next General Meeting. A similar auditor change was carried out in the company's material subsidiary, Alps Energy Private Limited, where M/s O. Aggarwal & Co. replaced M/s R.K. Govil & Co. The appointments were made under Section 139(8) of the Companies Act, 2013, on the recommendation of the Audit Committee chaired by the Resolution Professional.
For shareholders, this signals an auditor change during an ongoing insolvency process, which is a routine but noteworthy governance event. The short interim term (up to 3 months) means shareholders will get a chance to ratify the appointment at the next general meeting, making it a procedural matter rather than a material strategic change at this stage.