Revised Outcome
Awaiting price reaction for this filing.
Alps Industries Ltd has announced a complete change in its board of directors following the implementation of its Resolution Plan approved by the NCLT Allahabad Bench on November 4, 2025. Six existing directors, including Managing Director Sandeep Agarwal, Pramod Kumar Rajput, Vikas Lamba, Shikha, Arun Kumar Pal, and Arun Kumar Bhatter, have vacated their offices with immediate effect. In their place, four new directors have been appointed effective December 1, 2025: Mr. Vinod Kumar (Whole-Time Director), Mr. Sanjeev Khanna (Non-Executive Director), Ms. Ayushi Kukreja (Independent Director), and Ms. Sandhya Kohli (Independent Director). All new appointments require shareholder approval at the next general meeting. The filing is a revised version, with the company explaining a delay caused by it not being part of the Monitoring Committee meeting and learning of the changes only through a resolution applicant's email on December 3, 2025.
This signals a major corporate governance reset as Alps Industries transitions under new leadership post its insolvency resolution process. Shareholders should monitor how the new board, with several directors from the securities and trading space, steers the company's revival and execution of the approved resolution plan.