Alps Industries Limited
Alps Industries is engaged in the business of Textile business.
What Alps files
- Others68
- Important19
- Board Meeting13
- Results5
- Dividend/Bonus4
- Updates2
Alps Industries Limited has informed the Exchange regarding Unaudited financial statement
Alps Industries has implemented an NCLT-approved resolution plan, significantly impacting its financial results. Subsidiary financials, showing a 0.006 Cr loss, were unreviewed by their auditors but deemed immaterial to the group.
Alps Industries' latest audit review underscores the financial impact of a resolution plan, previously approved by a tribunal. Auditors found no issues regarding this. Subsidiaries recorded minor, non-material losses, with one at Rs 0.006 Cr.
Company has settled its entire outstanding debt. New unlisted debt securities (NCRPS) now represent the total financial indebtedness of 21.60 Cr. This indicates a significant financial restructuring.
Alps Industries withdrew the record date for its equity share capital reduction and consolidation plan. Share capital was to reduce from Rs 39.11 Cr to Rs 0.39 Cr (a 99% reduction) as per an approved plan. A new record date will be announced.