Intimation of COC meeting as to be held on 18-07-2025.
Awaiting price reaction for this filing.
Alps Industries Ltd has informed stock exchanges that a meeting of the Committee of Creditors (CoC) will be held on Friday, July 18, 2025, under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC), 2016. The meeting is being convened on the instructions of the Resolution Professional (RP). The disclosure is being made under SEBI Listing Regulations. This filing confirms that the company continues to remain under active insolvency resolution proceedings, with an RP overseeing the process. No details about a specific resolution plan or financial numbers have been disclosed in this intimation.
Negative for equity shareholders — confirms the company is still under insolvency proceedings. Equity holders stand last in the creditor priority list and typically face significant dilution or total loss once a resolution plan is approved by the CoC and the NCLT.