Alps Industries Approves Allotment of 7.3 Cr Equity Shares Post NCLT Resolution
Alps Industries Limited announced that its Board of Directors met on December 19, 2025, from 4:00 PM to 7:22 PM. During this meeting, the board considered and approved the issuance and allotment of 7,...
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Why is Alps Industries Limited in the news today?
Alps Industries Limited (ALPSINDUS) is in the news due to the company is moving forward with its resolution plan post-nclt approval, which includes equity issuance, indicating progress towards financial restructuring and operational revival.
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Alps Industries Approves Allotment of 7.3 Cr Equity Shares Post NCLT Resolution
December 19, 2025, 02:18 PM
Alps Industries Limited announced that its Board of Directors met on December 19, 2025, from 4:00 PM to 7:22 PM. During this meeting, the board considered and approved the issuance and allotment of 7,30,02,000 equity shares of Re. 1 each, fully paid up, at face value. This allotment aggregates to ₹7,30,02,000 and is against a part of the investment to be made by the consortium of successful resolution applicants. The approval is in pursuance of the resolution plan sanctioned by the Hon'ble NCLT via order no. CP (IB) NO.46/ALD/2024 dated November 04, 2025.
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