Members of the Exchange are hereby informed that the trading in equity shares of Alps Industries Limited shall be suspended w.e.f. January 02, 2026, on account of Reduction of Share Capital pursuant to NCLT order.
Awaiting price reaction for this filing.
Alps Industries Limited's equity shares will be suspended from trading on the exchange starting January 2, 2026. The suspension follows an NCLT (National Company Law Tribunal) order approving a reduction of the company's share capital. Share capital reduction typically means the company is writing down its equity base, often to set off accumulated losses against share capital. Existing shareholders will see their share count or face value reduced once the order is implemented. No details on the quantum of reduction or payout to shareholders have been mentioned in this filing.
Shareholders will not be able to buy or sell Alps Industries shares on the exchange after January 2, 2026 until further notice. The reduction in share capital will shrink the equity base, which may adversely affect existing shareholders' proportional ownership value.