Proceding of EGM POSTAL BALLOT
Awaiting price reaction for this filing.
Alps Industries Limited concluded a Postal Ballot via e-voting from January 28, 2026 to February 26, 2026, with all 7 special resolutions passed with overwhelming majority (over 99.9% in favor). The resolutions include: (1) appointment of Mr. Nishant Sharma as Executive Director for 3 years at Rs. 52,000/month, (2) appointment of Ms. Ayushi Kukreja as Independent Director for 5 years, (3) appointment of Ms. Sandhya Kohli as Independent Director for 5 years, (4) appointment of Mr. Sanjeev Khanna as Non-Executive Non-Independent Director, (5) re-appointment of Mr. Nishant Sharma as Regular Executive Director, (6) shifting of registered office from Ghaziabad to Sector-136, Noida, and (7) amendment to authorized share capital to Rs. 345 crores (3,45,00,00,000 shares of Rs. 1 each, comprising 90 crore equity and 255 crore preference shares).
All resolutions were approved with near-unanimous support, indicating strong shareholder confidence. Key changes include significant board restructuring (2 new independent directors, 1 non-executive director, and 1 executive director), a corporate office relocation, and a major expansion of authorized share capital that could pave the way for future fundraising or restructuring activities.