LOAN STATEMENT
Awaiting price reaction for this filing.
Alps Industries Ltd has filed its mandatory loan disclosure (Format C2) for the quarter ended December 31, 2025. The company's total financial indebtedness stands at INR 21.60 crore, entirely in the form of Non-Convertible Redeemable Preference Shares (NCRPS). There are no outstanding short-term loans, cash credit facilities, or long-term bank debt. Importantly, the company states that its entire debt has been settled under a resolution plan approved by the Hon'ble NCLT on November 4, 2025, which was implemented during the quarter. The NCRPS were issued at a face value of Rs. 1 crore each as part of this resolution plan and are measured at amortized cost under Ind AS 109.
This filing confirms the successful implementation of an NCLT-approved debt resolution plan, effectively clearing the company's previous debt obligations and replacing them with NCRPS instruments. For shareholders, this removes a major overhang of default risk and signals a fresh start under the restructured capital structure, though the equity position remains subject to the terms of the approved resolution plan.