Alps Industries has set December 19 as the record date for two key actions.

First, the face value of each equity share will reduce by 99%, from Rs. 10 to Rs. 0.10. Following this, 10 shares of Rs. 0.10 each will consolidate into 1 new equity share of Re.

1. This means a significant change in the number and face value of shares held, with total equity capital dropping from Rs. 39.11 Cr to Rs. 0.39 Cr.