ALPSINDUSNSEAlps Industries Limited· Textiles - CottonHighNeutral
Announced Fri, 19 Dec, 2025 · 20:21 IST
Record date fixed for capital reduction and share consolidation under NCLT plan
Price reaction
Awaiting price reaction for this filing.
AI summary
Under NCLT-approved Resolution Plan, Alps Industries will cut equity capital by 99 percent. Face value drops from Rs 10 to Rs 0.10 per share. Then 10 shares of Rs 0.10 each will be consolidated into 1 share of Rs 1. Record date is January 2, 2026. Total shares reduce from about 3.91 crore to 39.11 lakh. Total face value falls from Rs 39.11 crore to Rs 39.11 lakh.
Likely market impact
NCLT-driven restructuring cuts share count by 90 percent. Effective ownership stays same; no cash payout to shareholders.