Alps Industries Ltd

Alps Industries Ltd Announces Key Corporate Updates 📊

- Board meeting held on March 20, 2026, approved unaudited financial results for Q3 and nine months ended December 31, 2025.

- Registered office shifted to A-115, Sector-136, Maharishi Nagar, Noida, Uttar Pradesh, India, 201304.

- Company operates in one reportable segment: Textile Segment.

- Resolution plan implementation led to restructuring of share capital and settlement of liabilities.

- Equity shares consolidated from 3,91,14,100 shares of ₹10 each to 39,11,410 shares of ₹1 each.

- Issued 7,30,02,000 new equity shares of ₹1 each to Resolution Applicants.

- Issued 1,00,00,000 preference shares to Edelweiss Asset Reconstruction Company Limited (EARCL) at a premium of ₹2,603 per share.

- Current quarter profit primarily due to write-off of liabilities as per resolution plan; no income tax provision made yet.

- Previous auditors' qualification on interest and principal waiver resolved in current quarter financials.