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Alps Industries Amends MOA to Increase Authorized Share Capital to Rs 345 Crore
Alps Industries Limited has received shareholder approval via postal ballot to increase its authorized share capital to Rs 345.00 crore. The revised capital structure includes Rs 90 crore in equity shares and a substantial Rs 255 crore in preference shares, all with a face value of Rs 1. Shareholders also approved the appointment of four directors and a change in the registered office location. These structural changes provide the board with significant flexibility for future capital raising or financial restructuring.
Key Highlights
Authorized share capital increased to Rs 345,00,06,000 divided into equity and preference shares.
Capital structure now comprises 90 crore equity shares and 255 crore preference shares of Rs 1 each.
Appointment of Mr. Nishant Sharma as Executive Director approved for a three-year term starting Jan 2026.
Resolution to move the registered office outside local limits passed with 99.94% shareholder approval.
The board is now authorized to convert unissued preference shares into equity shares or vice-versa.
💼 Action for Investors
Investors should monitor for upcoming announcements regarding actual share issuance or capital infusion, as the large preference share allocation suggests potential debt restructuring or fresh funding. The high approval rate indicates strong support for the current management's structural plans.
Alps Industries Sets Jan 2 Record Date for 99% Capital Reduction and Consolidation
Alps Industries has fixed January 2, 2026, as the record date for a massive capital restructuring mandated by an NCLT-approved resolution plan. The company's equity share capital will be reduced by 99%, bringing the total value down from Rs. 39.11 crore to just Rs. 39.11 lakh. Following the reduction, the face value per share will drop from Rs. 10 to Rs. 0.10. Subsequently, every 10 of these reduced shares will be consolidated into one new share with a face value of Re. 1.
Key Highlights
Record date for capital reduction and consolidation is fixed for January 2, 2026.
Equity share capital to be reduced by 99% from Rs. 39,11,41,000 to Rs. 39,11,410.
Face value of existing shares will be reduced from Rs. 10 to Rs. 0.10 per share.
Post-reduction, 10 shares of Rs. 0.10 each will be consolidated into 1 share of Re. 1.
The restructuring is part of a Resolution Plan approved by the Hon'ble NCLT Prayagraj.
💼 Action for Investors
Existing shareholders should note that this 99% capital reduction effectively wipes out nearly all current equity value. Investors should be extremely cautious as the market price will undergo a significant adjustment to reflect the new share structure.
Alps Industries Allots 7.3 Crore Equity Shares Under NCLT Resolution Plan
Alps Industries Limited has approved the issuance and allotment of 7,30,02,000 equity shares at a face value of Re. 1 each. This allotment, totaling Rs. 7.30 crore, is part of the implementation of a Resolution Plan approved by the Hon'ble NCLT on November 04, 2025. The shares are being issued to a consortium of successful resolution applicants as part of the company's financial restructuring. This move marks a critical step in the revival process of the company under the insolvency framework.
Key Highlights
Allotment of 7,30,02,000 equity shares at a face value of Re. 1 per share
Total capital infusion of Rs. 7,30,02,000 from the resolution applicant consortium
Implementation of NCLT order CP (IB) NO.46/ALD/2024 dated November 04, 2025
Issuance at par against investment commitments under the approved Resolution Plan
💼 Action for Investors
Investors should monitor the company's progress in operational turnaround following this capital infusion and NCLT-led restructuring. While the equity dilution is substantial, the resolution plan offers a potential path for the company to exit financial distress.
Alps Industries Withdraws Record Date for 99% Capital Reduction and Consolidation
Alps Industries has withdrawn its previously announced record date of December 19, 2025, which was intended for a major capital restructuring. The plan involves a 99% reduction in equity share capital, decreasing the paid-up capital from Rs. 39.11 crore to just Rs. 39.11 lakh as per an NCLT-approved Resolution Plan. Following the reduction, the company plans to consolidate 10 shares of Rs. 0.10 each into one share of Re. 1. The company cited unforeseen circumstances for the withdrawal and will announce a revised record date later.
Key Highlights
Withdrawal of the December 19, 2025, record date for equity share capital reduction.
Proposed 99% reduction of equity capital from Rs. 39,11,41,000 to Rs. 39,11,410.
Face value to be reduced from Rs. 10 to Rs. 0.10 per share before consolidation.
Consolidation of 10 shares of Rs. 0.10 each into 1 share of Re. 1 face value.
Restructuring is part of a Resolution Plan approved by the Hon'ble NCLT Prayagraj.
💼 Action for Investors
Investors should be aware that the 99% capital reduction will effectively wipe out the majority of existing equity value once implemented. Stay cautious and monitor for the announcement of the revised record date to understand the timeline for these changes.
Alps Industries Sets Dec 19 Record Date for 99% Capital Reduction and Consolidation
Alps Industries has announced December 19, 2025, as the record date for a major capital restructuring mandated by an NCLT-approved resolution plan. The company's equity share capital will undergo a 99% reduction, decreasing from Rs. 39.11 crore to just Rs. 39.11 lakh. Following this reduction, the face value will drop to Rs. 0.10, and every 10 such shares will be consolidated into one share with a face value of Rs. 1.00. This process significantly diminishes the value and quantity of shares held by existing retail investors.
Key Highlights
Record date for capital reduction and consolidation fixed for December 19, 2025
Equity share capital to be reduced by 99%, from Rs. 39.11 crore to Rs. 39.11 lakh
Face value of shares reduced from Rs. 10 to Rs. 0.10 per share initially
Consolidation of 10 shares of Rs. 0.10 each into 1 share of Rs. 1.00 face value
Restructuring is part of the Resolution Plan approved by the Hon'ble NCLT Prayagraj
💼 Action for Investors
Investors should exercise extreme caution as the 99% capital reduction effectively wipes out the majority of existing equity value. Current shareholders will see a drastic decrease in the number of shares held and the total value of their investment.
Alps Industries to Reduce Equity Capital by 99% and Issue Rs 604 Cr Preference Shares
Alps Industries is implementing an NCLT-approved resolution plan which involves a massive 99% reduction in existing equity share capital. The face value of shares will drop from Rs. 10 to Rs. 0.10 before being consolidated back to a face value of Rs. 1.00 at a 1:10 ratio. Additionally, the company will issue 1 crore preference shares at a significant premium to EARCL, totaling Rs. 604 crore, to settle claims. This restructuring is a critical step in the company's insolvency resolution process but results in a significant loss of value for current equity holders.
Key Highlights
Existing equity share capital of Rs. 39.11 crore to be reduced by 99% to Rs. 39.11 lakhs
Share face value reduced from Rs. 10 to Rs. 0.10, followed by a 1:10 consolidation to Rs. 1.00
Issuance of 1,00,00,000 0.01% Non-cumulative Redeemable Preference shares at a premium of Rs. 603 per share
Total preference share issuance value to EARCL stands at Rs. 604 crore
Restructuring follows the NCLT Prayagraj order dated November 04, 2025
💼 Action for Investors
Existing equity shareholders face a near-total wipeout of their investment value due to the 99% capital reduction. Investors should be extremely cautious as the company undergoes a fundamental capital reset under the insolvency resolution process.