Submission of declaration of voting results for the 53rd Annual General Meeting of the company as held on 30-09-2025.
Awaiting price reaction for this filing.
Alps Industries Limited conducted its 53rd AGM on September 30, 2025 via video conferencing, and all 5 resolutions were passed with overwhelming shareholder support (over 99.8% in favour on each). The resolutions covered adoption of audited financial statements for FY ending March 31, 2025, re-appointment of promoter Mr. Sandeep Agarwal as Managing Director (retirement by rotation) and for a fresh 3-year term, and appointment of M/s Reshi & Associates as Secretarial Auditors and M/s O. Aggarwal & Co as Statutory Auditors. The meeting was chaired by Mr. Hemant Sharma in his capacity as CIRP (Corporate Insolvency Resolution Process) Chairman, indicating the company is operating under insolvency proceedings. E-voting was conducted through CDSL and scrutinised by Mr. Rajiv Khosla, Practicing Company Secretary.
Strong shareholder backing (near-unanimous) signals confidence in management continuity despite the insolvency backdrop. The re-appointment of promoter Sandeep Agarwal and the CIRP-led chairmanship suggest the company continues under the IBC resolution process, which remains the key factor for shareholders to monitor.