Intimation of Record Date for the Purpose of Reduction and Consolidation of Equity Shares pursuant to implementation of Resolution Plan as approved by the Hon''ble NCLT Prayagraj.
Awaiting price reaction for this filing.
Alps Industries has fixed Friday, December 19, 2025 as the record date for a major capital restructuring under its NCLT-approved Resolution Plan. The company is first reducing the face value of each equity share from Rs. 10 to Rs. 0.10, cutting the paid-up capital by 99% from Rs. 39.11 crore to Rs. 39.11 lakh. It will then consolidate 10 shares of Rs. 0.10 into 1 share of Re. 1, effectively converting every 10 existing shares into 1 share. Net effect: the share count drops from 3.91 crore to 39.11 lakh, face value changes from Rs. 10 to Re. 1, and total paid-up capital reduces by about 90%. This is a standard step in the company's insolvency resolution process to facilitate the approved plan and make room for incoming investors or lenders.
Existing shareholders will be heavily written down — they will hold only 1 share (Re. 1 face value) for every 10 shares (Rs. 10 face value) they previously held, with a 90% cut in paid-up capital. This is typical of NCLT-driven restructurings where old equity is significantly diluted to enable fresh capital infusion under the resolution plan.