Alps Industries Limited — Board Meeting, 27-06-2025: Outcome of Board Meeting

Alps Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported consolidated total income of Rs. 66.04 lakh against total expenses of Rs. 6,454.56 lakh, resulting in a consolidated net loss of Rs. 63.89 Cr for the year. Standalone net loss stood at Rs. 63.99 Cr with zero dividend due to losses. The company remains under Corporate Insolvency Resolution Process (CIRP) with Mr. Hemant Sharma as the Resolution Professional. Discussions continue with lenders, mainly Edelweiss ARC, for debt restructuring. Net worth remains negative, but financials are prepared on a going concern basis pending resolution plan approval.