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Alps Industries LimitedImportant, 14-08-2025: Disclosure of material issue

14-08-2025 | 08:38 pm

Alps Industries has disclosed substantial defaults on its financial obligations. The company reports an immediate default of ₹679.90 Cr on loans from banks/financial institutions. The total financial indebtedness currently stands at ₹908.45 Cr.

🚨 **The Issue:** These figures are based on old, non-implemented debt restructuring terms.

📉 **Possible Impact:** If ongoing talks with EARC, a major secured lender, for new debt restructuring fail, Alps' liabilities could skyrocket by an additional ₹2,038.48 Cr (₹151.20 Cr principal, ₹1867.24 Cr interest, ₹20.04 Cr CRPS). This is a significant potential increase in debt burden. The company's statutory auditors have already qualified their reports, signaling financial concerns.

🤝 **Company Response:** Alps Industries is actively in discussions with EARC for a comprehensive debt restructuring plan.

Investors should closely monitor the outcome of these crucial restructuring discussions, as they will determine the company's true debt position and future viability. #AlpsIndustries #DebtCrisis #InvestorAlert

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