Alps Industries withdraws record date for share capital reduction and consolidation
Alps Industries Limited has announced the withdrawal of its earlier intimation regarding the record date of December 19, 2025. This record date was set for the purpose of reduction and consolidation o...
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Why is Alps Industries Limited in the news today?
Alps Industries Limited (ALPSINDUS) is in the news due to the withdrawal of a record date and the subsequent need to announce a revised one is a procedural change that does not immediately impact the company's financial standing or future prospects. it indicates a delay or adjustment in the planned corporate action.
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Alps Industries withdraws record date for share capital reduction and consolidation
December 18, 2025, 11:40 AM
Alps Industries Limited has announced the withdrawal of its earlier intimation regarding the record date of December 19, 2025. This record date was set for the purpose of reduction and consolidation of equity shares, as per the Resolution Plan approved by the Hon'ble NCLT Prayagraj.
The company had previously stated that the equity share capital, comprising 3,91,14,100 equity shares of face value ₹10 each, aggregating to ₹39,11,41,000, would be reduced to 3,91,14,100 equity shares of face value ₹0.10 each, aggregating to ₹39,11,410. This represents a 99% reduction. Following this reduction, 10 equity shares of face value ₹0.10 each were to be consolidated into 1 equity share of face value ₹1 each.
Due to unforeseen circumstances, Alps Industries has decided to withdraw the December 19, 2025 record date. A fresh intimation of the revised record date will be communicated in due course, in compliance with SEBI regulations.
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