Alps Industries Ltd

Book closure details

• Book closure: 09.09.2026 to 10.09.2026, both days inclusive.
• Purpose: Hold the next AGM (VC/OAVM).
• Cut-off date: 23.09.2026 for voting eligibility (remote e-voting or AGM).
• AGM date: 30.09.2026 via VC/OAVM.
• Security: Equity shares.
• E-voting period: 27.09.2026, 10:00 AM to 29.09.2026, 5:00 PM.

Financial results and approvals

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Directors' Report for year ended 31 March 2026 and up to date approved.
• Next Annual General Meeting notice approved.

Capital restructuring and new share issuances

• Equity share capital consolidated from 3,91,14,100 shares of Rs10 to 39,11,410 shares of Rs1.
• 7,30,02,000 new Rs1 equity shares issued to resolution applicants; listing pending.
• 1,00,00,000 Redeemable Non-Cumulative Preference Shares of Rs1 issued to EARCL at Rs603 premium.

Regulatory, accounting and going concern disclosures

• Only Textile segment reportable; segment reporting not applicable under Ind AS 108.
• Resolution plan implemented per NCLT order; going concern basis adopted for June 30, 2026 results.
• Consolidated interim results include Alps Energy Pvt Ltd and Alps USA Inc; not material to Group.
• Auditors' Emphasis of Matter: resolution plan impact described; conclusion not modified.

Re-appointment of Internal Auditor

• Mr. Ajay Gupta re-appointed as Internal Auditor effective April 1, 2026
• Term of appointment is one financial year for 2026-27
• Mr. Gupta is Company Secretary & Assistant Vice President - Legal
• He has over 28 years of experience in accounting and company law
• Internal audit will be conducted with a team led by Mr. Gupta
• No relationships with other directors disclosed

Financial Results Approval

• Approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025
• Results reviewed with limited review reports
• Only one reportable segment: Textile

Board and Management Changes

• New Board of Directors appointed following NCLT-approved resolution plan
• Internal auditor re-appointed for FY 2026-27

Capital Restructuring and Share Issuance

• Equity shares consolidated from 3.91 crore shares of Rs.10 to 39.11 lakh shares of Re.1
• Issued 7.3 crore new equity shares of Re.1 to resolution applicants, listing in process
• Issued 1 crore 0.01% non-cumulative redeemable preference shares at premium to Edelweiss ARC

Legal and Regulatory Matters

• NCLT admitted insolvency petition and approved resolution plan implemented in quarter
• Financial impact of resolution plan reflected as exceptional items
• Financial statements prepared on going concern basis post-resolution plan

Accounting and Compliance

• Financial liabilities extinguished recognized as exceptional items per Ind AS 109
• No income tax provision made for current quarter due to carry forward losses
• Previous auditor qualification on loan waiver resolved in current quarter results

Operational and Administrative

• Books of accounts and statutory records shifted to new registered office in Noida with immediate effect

🗓️ Meeting Details

• Board meeting scheduled for Friday, March 20, 2026.

📊 Key Agenda Items

• Approval of unaudited financial results for quarter ended December 31, 2025.