Submission of Scrutinizer''s Report for the 53rd Annual General Meeting of the Company
Awaiting price reaction for this filing.
Alps Industries Limited held its 53rd Annual General Meeting on September 30, 2025, via Video Conferencing. Five resolutions were put to vote through remote e-voting (September 27-29, 2025) and e-voting at the AGM, with the scrutinizer being Rajiv Khosla & Associates. All five resolutions were passed with overwhelming shareholder support, receiving over 99.8% approval on the equity share votes. The resolutions covered: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Sandeep Agarwal (Managing Director, DIN: 00139439) by rotation, (3) his re-appointment as Managing Director for a further 3-year term (April 2026 to March 2029) passed as a Special Resolution, (4) appointment of M/s Reshi & Associates for 5 years (April 2025 to March 2030) as a Special Resolution, and (5) appointment of M/s O. Aggarwal & Co as statutory auditors, also as a Special Resolution. Preference shareholders voted 100% in favour on all resolutions. The scrutinizer signed the report on October 1, 2025.
Routine housekeeping resolutions — financial statements adoption, director re-appointment, and auditor appointments — all passed comfortably with near-unanimous shareholder support, indicating no meaningful dissent. No material impact on stock price expected from these procedural approvals. However, the scrutinizer is also noted as IRP (Interim Resolution Professional) - Chairman, suggesting the company is undergoing corporate insolvency resolution proceedings under IBC, which remains the key risk factor for shareholders.