Alps Industries Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

Alps Industries' board has announced a meeting outcome. The company, currently undergoing Corporate Insolvency Resolution Process (CIRP), reported a consolidated loss of Rs 6.58 Cr on revenue of Rs 16.59 Cr for the quarter. Auditors highlighted a critical concern: an unprovided liability of Rs 2174.09 Cr from revoked loan waivers, which would significantly impact future losses and debt. The board also approved the 53rd AGM notice and re-appointed Sandeep Agarwal as MD for three years (pending shareholder approval). A resolution plan is now awaiting NCLT approval.