Intimation regarding Notice of Postal Ballot dated January 13, 2026.
Awaiting price reaction for this filing.
Alps Industries Ltd has issued a Postal Ballot notice (dated January 13, 2026) seeking shareholder approval through remote e-voting for seven special resolutions. These include appointment of Mr. Nishant Sharma as Executive Director (3 years, monthly remuneration Rs 52,000), Ms. Ayushi Kukreja and Ms. Sandhya Kohli as Independent Directors (5-year terms), and Mr. Sanjeev Khanna as Non-Executive Director. The notice also proposes shifting the registered office from Ghaziabad to Noida (Sector-136) and restructuring the authorized share capital to Rs. 345 crore comprising 90 crore equity shares of Rs.1 each and 255 crore preference shares of Rs.1 each, down from the existing Rs.10 face value structure. E-voting runs from January 28, 2026 to February 26, 2026, with the cut-off date of January 16, 2026. The company has reported continuous losses — around Rs. 6,399 lakh in FY25, Rs. 5,624 lakh in FY24, and Rs. 6,043 lakh in FY23 — with FY25 turnover effectively nil, and cites input cost pressures, rupee appreciation, and working capital shortages as reasons.
Shareholders are being asked to vote on significant governance and capital structure changes, including a major board reshuffle, an office relocation likely aimed at cost efficiency, and a share capital restructuring that could enable future equity issuances. Given the company's history of losses and minimal revenue, outcome of the postal ballot will shape both the leadership team and the company's ability to raise fresh capital.