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ALPSINDUS - Alps Industries

📊 NSE: ALPSINDUS 🏢 Textiles - Products 📅 Last Updated: 12/13/2025 18:13

📢 Recent Corporate Announcements

Alps Industries Submits SEBI Reg 74(5) Certificate for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Apr 2026, 05:34 PM

Alps Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Alankit Assignments Limited, confirms that physical share certificates received for dematerialization during the quarter ended March 31, 2026, have been processed. These certificates were verified, mutilated, and cancelled, with the depository's name updated in the company's records. This is a standard administrative filing required by all listed entities in India.

Compliance certificate submitted for the quarter ended March 31, 2026.
Confirmation received from Registrar and Share Transfer Agent (RTA) Alankit Assignments Ltd.
Physical share certificates for dematerialization were mutilated and cancelled per SEBI norms.
Records updated to substitute the name of the depository as the registered owner.

💡 This is a routine regulatory filing with no impact on the company's fundamentals or stock price. No action is required from investors.

Alps Industries Announces Trading Window Closure Starting April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Mar 2026, 04:03 PM

Alps Industries Limited has notified the stock exchanges that its trading window will be closed starting April 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is mandatory for the consideration of the company's audited financial results for the quarter and financial year ending March 31, 2026. The window will remain shut for all designated persons, directors, and promoters until 48 hours after the results are declared. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.

Trading window closure effective from April 1, 2026
Closure pertains to audited financial results for the quarter and year ended March 31, 2026
Trading window to reopen 48 hours after the official declaration of results
Restriction applies to all Designated Persons, Directors, and Promoter Group members

💡 No action is required as this is a routine regulatory filing. Investors should focus on the upcoming financial results to evaluate the company's performance.

Alps Industries Settles Entire Debt via NCLT Resolution Plan; Issues ₹21.60 Cr NCRPS

🟢 POSITIVE ⭐ 8/10

REGULATORY 📅 21 Mar 2026, 11:59 AM

Alps Industries has successfully implemented a resolution plan approved by the Hon'ble NCLT on November 4, 2025. The company reported that its entire previous debt has been settled during the quarter ended December 31, 2025. As part of the settlement, the company issued Unlisted Non-Convertible Redeemable Preference Shares (NCRPS) with a face value of ₹1 crore each, totaling ₹21.60 crore. This restructuring significantly alters the company's financial profile by replacing old liabilities with new instruments measured at amortized cost.

Entire existing debt settled following NCLT order dated November 4, 2025
Issued ₹21.60 crore worth of Unlisted NCRPS as part of the resolution plan
Total financial indebtedness now stands at ₹21.60 crore, down from previous distressed levels
NCRPS measured at amortized cost using the effective interest method under Ind AS 109

💡 Investors should view the debt settlement as a major milestone in the company's recovery, though they must now monitor operational performance to ensure long-term sustainability. The stock remains a high-risk turnaround play post-NCLT resolution.

Alps Industries Settles Entire Debt via NCLT Resolution Plan; Total Debt at ₹21.60 Cr

🟢 POSITIVE ⭐ 8/10

LEGAL 📅 21 Mar 2026, 11:54 AM

Alps Industries has successfully implemented a resolution plan approved by the NCLT on November 4, 2025, resulting in the settlement of its entire previous debt. As of December 31, 2025, the company's total financial indebtedness stands at ₹21.60 crore, represented entirely by unlisted Non-Convertible Redeemable Preference Shares (NCRPS). This restructuring eliminates previous bank loans and revolving facilities, significantly cleaning up the balance sheet. The NCRPS were issued during the quarter and are measured at amortized cost per Ind AS 109.

Total financial indebtedness reduced to ₹21.60 crore following NCLT resolution plan implementation
Entire previous bank debt and revolving facilities settled as per NCLT order dated November 4, 2025
Issuance of unlisted NCRPS worth ₹21.60 crore with a face value of ₹1 crore per share during the quarter
Company reports zero outstanding defaults to banks or financial institutions as of December 31, 2025

💡 The debt settlement is a major milestone for the company's survival; however, investors should monitor for operational improvements and revenue growth before considering long-term positions.

Alps Industries Settles Entire Debt via NCLT Resolution Plan; Total Debt at Rs 21.60 Cr

🟢 POSITIVE ⭐ 8/10

LEGAL 📅 21 Mar 2026, 11:50 AM

Alps Industries has successfully implemented a resolution plan approved by the Hon'ble NCLT on November 4, 2025. The company reported that its entire previous debt has been settled during the quarter ended December 31, 2025. The current total financial indebtedness stands at Rs 21.60 crore, which consists entirely of unlisted Non-Convertible Redeemable Preference Shares (NCRPS). These securities were issued with a face value of Rs 1 crore each and are measured at amortized cost.

Entire previous debt settled following NCLT order dated November 4, 2025.
Total financial indebtedness reduced to Rs 21.60 crore as of December 31, 2025.
Issued unlisted NCRPS with a face value of Rs 1 crore each during the quarter.
Zero defaults reported on the newly restructured debt obligations.
Debt measured at amortized cost using the effective interest method under Ind AS 109.

💡 The successful debt settlement is a major milestone for the company's survival; however, investors should wait for upcoming quarterly results to assess operational profitability post-restructuring.

Alps Industries Settles Debt via NCLT Resolution Plan; Total Indebtedness at ₹21.60 Cr

🟢 POSITIVE ⭐ 8/10

LEGAL 📅 21 Mar 2026, 11:48 AM

Alps Industries has successfully implemented a resolution plan approved by the NCLT vide order dated November 4, 2025. As a result of this settlement, the company's total financial indebtedness stood at ₹21.60 crore as of December 31, 2025. The debt primarily consists of unlisted Non-Convertible Redeemable Preference Shares (NCRPS) issued during the quarter. This marks a critical milestone in the company's financial restructuring, effectively settling previous bank and financial institution liabilities.

Entire previous debt settled following NCLT resolution plan implementation during the quarter.
Total financial indebtedness reported at ₹21.60 crore as of December 31, 2025.
Outstanding debt consists of Unlisted NCRPS with a face value of ₹1 crore each.
Zero defaults reported on the newly structured debt obligations as of the reporting date.
Resolution plan was officially approved by the Hon'ble NCLT on November 4, 2025.

💡 Investors should view the debt settlement as a positive step toward financial stability, but should remain cautious and monitor the company's operational performance post-restructuring. The focus now shifts to the company's ability to generate cash flow under the new management or resolution framework.

Alps Industries Q3 FY26 Results: NCLT Resolution Plan Implementation Underway

🔵 WATCH ⭐ 7/10

EARNINGS 📅 21 Mar 2026, 11:47 AM

Alps Industries Limited has submitted its standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The statutory auditors have highlighted an 'Emphasis of Matter' regarding the implementation of a resolution plan approved by the National Company Law Tribunal (NCLT). Consolidated subsidiaries, Alps Energy Private Limited and Alps USA Inc., reported zero revenue for the quarter. Alps Energy recorded a marginal net loss of Rs. 0.60 lakh, which the management considers immaterial to the group's overall performance.

Implementation of NCLT-approved resolution plan is currently impacting financial results.
Consolidated subsidiaries Alps Energy and Alps USA reported Rs. NIL revenue for the quarter.
Alps Energy Private Limited recorded a net loss and total comprehensive loss of Rs. 0.60 lakh.
Auditors issued a 'conclusion not modified' report despite the emphasis on the resolution plan.
Financial results are prepared under Ind AS 34 for the period ending December 31, 2025.

💡 Investors should exercise caution and monitor the specific details of the NCLT resolution plan as it significantly impacts the company's capital structure. The lack of revenue in subsidiaries suggests the core business remains under stress.

Alps Industries Limited Announces Change in Corporate Office and Books Maintenance Location

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Mar 2026, 11:43 AM

Alps Industries Limited has officially informed the stock exchanges regarding a change in its corporate office location. The Board of Directors approved this administrative update during their meeting held on March 20, 2026. Consequently, the company's books of accounts and other statutory records will now be maintained at the new premises in Sector-136, Noida. This disclosure is a standard compliance requirement under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Board of Directors approved the relocation in a meeting held on March 20, 2026.
New corporate office address is A-115, Sector-136, Noida, Uttar Pradesh, 201304.
Statutory records and books of accounts will be maintained at the new location with immediate effect.
The update follows compliance with Regulation 30 and Part A of Schedule III of SEBI (LODR) Regulations.

💡 This is a routine administrative change with no impact on the company's fundamentals. No specific action is required from investors.

Alps Industries Re-appoints Ajay Gupta as Internal Auditor for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 21 Mar 2026, 11:43 AM

Alps Industries Limited has re-appointed Mr. Ajay Gupta as the company's Internal Auditor for the upcoming financial year 2026-27. The appointment, effective from April 1, 2026, was approved by the Board of Directors in their meeting held on March 20, 2026. Mr. Gupta is a qualified Company Secretary and currently serves as the Assistant Vice President (Legal) for the firm. He brings over 28 years of experience in accounting, company law, and internal audit procedures to the role.

Re-appointment of Mr. Ajay Gupta as Internal Auditor for the full financial year 2026-27.
The appointment is effective starting April 1, 2026, following Board approval on March 20, 2026.
Mr. Gupta possesses over 28 years of extensive experience in accounting and corporate legal procedures.
He continues to hold dual roles as Company Secretary and Assistant Vice President — Legal.

💡 This is a routine administrative re-appointment for internal governance and requires no specific action from investors.

Alps Industries Reports Q3 Net Profit of ₹62.85 Cr Following NCLT Resolution Plan Implementation

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 21 Mar 2026, 11:39 AM

Alps Industries has reported a significant financial turnaround for the quarter ended December 31, 2025, posting a standalone net profit of ₹6,284.67 lakhs compared to a loss of ₹1,604.94 lakhs in the same period last year. This massive swing is primarily attributed to the implementation of a resolution plan approved by the NCLT on November 4, 2025. For the nine-month period, the company turned profitable with ₹2,801.08 lakhs against a loss of ₹4,766.92 lakhs YoY. The board also confirmed the re-appointment of internal auditors for FY 2026-27.

Standalone net profit of ₹6,284.67 lakhs in Q3 FY26 vs a loss of ₹1,604.94 lakhs in Q3 FY25.
Nine-month standalone profit reached ₹2,801.08 lakhs compared to a loss of ₹4,766.92 lakhs in the previous year.
Financial results significantly impacted by the implementation of the NCLT-approved resolution plan dated Nov 4, 2025.
Consolidated net profit for Q3 stood at ₹6,283.74 lakhs, reflecting the turnaround across the group.
Board approved the re-appointment of the Internal Auditor for the upcoming 2026-27 financial year.

💡 Investors should note that the current profitability is driven by structural changes from the NCLT resolution plan rather than purely operational improvements. While the balance sheet cleanup is positive, long-term sustainability depends on the company's ability to generate consistent operational cash flows in the textile segment.

Alps Industries Approves Office Shift to Noida and Key Board Appointments

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Feb 2026, 07:34 PM

Alps Industries Limited has announced the results of its postal ballot, with shareholders approving seven key resolutions. A major decision includes shifting the registered office from Ghaziabad to Sector-136, Noida, which received 99.94% of votes in favor. Additionally, the company secured approval for the appointment of four directors, including Mr. Nishant Sharma as Executive Director. Shareholders also greenlit an amendment to the Authorized Share Capital clause of the Memorandum of Association with 99.93% support.

Shifting of Registered Office from Ghaziabad to A-115, Sector-136, Noida, approved with 99.94% majority
Appointment of Mr. Nishant Sharma as Executive Director for three years (Jan 2026 - Jan 2029) confirmed
Ms. Ayushi Kukreja and Ms. Sandhya Kohli appointed as Independent Directors with over 99.9% approval
Amendment to the Authorized Share Capital clause of the Memorandum of Association passed with 99.93% votes
Voting involved 53,605,366 preference shares and approximately 8.8 million equity shares

💡 These are routine corporate governance updates and administrative changes. Investors should monitor if the capital clause amendment precedes a future fundraise, but no immediate action is required.

Alps Industries Amends MOA to Increase Authorized Share Capital to Rs 345 Crore

🔵 WATCH ⭐ 6/10

REGULATORY 📅 27 Feb 2026, 07:25 PM

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.

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.

💡 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 Shareholders Approve Director Appointments and Office Relocation to Noida

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Feb 2026, 07:12 PM

Alps Industries Limited has announced the successful passage of seven resolutions via a postal ballot concluded in February 2026. Shareholders overwhelmingly approved the appointment of Mr. Nishant Sharma as Executive Director along with two new Independent Directors. Additionally, the company received approval to relocate its registered office from Ghaziabad to Noida and to amend its Authorized Share Capital clause. All resolutions were passed with a significant majority, typically exceeding 99.9% of the votes cast.

Mr. Nishant Sharma appointed as Executive Director for a 3-year term with 99.94% equity votes in favor.
Shareholders approved shifting the registered office from Ghaziabad to Sector-136, Noida, Uttar Pradesh.
Amendment to the Authorized Share Capital clause of the Memorandum of Association passed with 99.93% majority.
Appointment of Ms. Ayushi Kukreja and Ms. Sandhya Kohli as Independent Directors confirmed by shareholders.

💡 These are routine governance and administrative updates that do not fundamentally change the company's valuation. Investors should monitor if the new board composition leads to improved operational or financial strategies.

Alps Industries Submits SEBI Compliance Certificate for Q3 FY2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Jan 2026, 04:06 PM

Alps Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by Alankit Assignments Limited, covers the quarter ended December 31, 2025. It confirms that physical share certificates received for dematerialization were duly verified, mutilated, and cancelled. This is a standard procedural filing required to maintain the integrity of the electronic shareholding system.

Compliance certificate for the quarter ended December 31, 2025, submitted to stock exchanges.
Confirmation provided by Registrar and Share Transfer Agent (RTA) Alankit Assignments Limited.
Physical share certificates received for dematerialization were processed and cancelled as per SEBI norms.
The depository's name has been substituted in the company records as the registered owner for the dematerialized shares.

💡 No action is required from investors as this is a routine regulatory filing. Monitor the company for more significant financial or operational updates.

Alps Industries Seeks Approval for New Directors and Registered Office Relocation to Noida

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 14 Jan 2026, 05:50 PM

Alps Industries Limited has issued a postal ballot notice to seek shareholder approval for several key leadership appointments and a change in its registered office. The company proposes appointing Mr. Nishant Sharma as Executive Director for a three-year term with a monthly remuneration of Rs. 52,000. Additionally, two Independent Directors, Ms. Ayushi Kukreja and Ms. Sandhya Kohli, are proposed for five-year terms starting December 2025. The company also plans to move its registered office from Ghaziabad to Noida to support future operations.

Appointment of Mr. Nishant Sharma as Executive Director for 3 years at a remuneration of Rs. 52,000 per month.
Proposed 5-year terms for Independent Directors Ms. Ayushi Kukreja and Ms. Sandhya Kohli effective from Dec 1, 2025.
Relocation of the registered office from Ghaziabad to Sector-136, Noida, Uttar Pradesh.
Remote e-voting period scheduled to run from January 28, 2026, to February 26, 2026.

💡 Investors should monitor the voting results to ensure stable leadership and governance. These administrative changes and director appointments appear to be part of a routine corporate refresh.

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💰 Financial Performance

Revenue Growth by Segment

Revenue growth is not explicitly detailed by segment as the company reports a significant reduction in business operations; however, the standalone net loss for the half-year ended September 30, 2025, was INR 34.03 Cr (INR 3,403.08 lakh), compared to a loss of INR 31.62 Cr in the previous year's corresponding period, representing a 7.6% increase in losses.

Profitability Margins

The company is currently reporting deep net losses with a net loss of INR 17.10 Cr (INR 1,709.81 lakh) for Q2 FY26 and INR 34.03 Cr for H1 FY26. Profitability is severely impacted by the insolvency process, with accumulated losses and loan liabilities potentially being higher by INR 2,219.49 Cr (INR 221,948.82 lakh) if the resolution plan's accounting treatments were not applied.

EBITDA Margin

Not disclosed in available documents, though the company reports negative cash earnings for the year, leading to a Debt Service Coverage Ratio of 0.00.

Capital Expenditure

Property, plant, and equipment (PPE) are valued at an absolute carrying amount of INR 2.23 Cr (INR 222.60 lakh) as of September 30, 2025. No new planned CapEx is detailed due to the ongoing implementation of the Resolution Plan.

Credit Rating & Borrowing

The company is under the Insolvency and Bankruptcy Code (IBC) process; borrowing costs are not explicitly stated as interest is not being provided on certain loan liabilities pursuant to the resolution plan. Total liabilities as of September 30, 2025, stood at INR 937.15 Cr.

⚙️ Operational Drivers

Raw Materials

The documents mention 'raw material' generally in the context of availability and price risks; historically, as a textile company, these include cotton and synthetic fibers, though specific names and cost percentages are not disclosed in the current reporting period.

Capacity Expansion

Current operations are minimal; the company states that 'no operative assets remain' with it as it is under CIRP proceedings. No expansion is planned until the Resolution Plan is fully implemented.

Raw Material Costs

Raw material purchase turnover ratio was 120.32 in the previous year (2023-24), but current year costs are not specified due to the reduction in business operations.

Manufacturing Efficiency

Not disclosed in available documents; business operations have been significantly reduced during the CIRP process.

📈 Strategic Growth

Growth Strategy

Growth is contingent upon the successful implementation of the Resolution Plan approved by the Hon'ble NCLT Prayagraj on November 4, 2025. The strategy involves a change in management, with new directors (Mr. Sanjeev Khanna and Ms. Aayushi Kukreja) appointed effective December 1, 2025, to oversee the restructuring and potential revival of operations.

Products & Services

Historically, the company produced textile products including yarn and home furnishings, though current documents indicate 'no operative assets remain' during the resolution phase.

Strategic Alliances

The company is currently managed by a Monitoring Committee and a Resolution Professional (Mr. Hemant Sharma) following the NCLT-approved resolution plan.

🌍 External Factors

Industry Trends

The textile industry is facing demand destruction and changing customer preferences. The company is currently positioned in a restructuring phase under IBC, moving from a 'suspended' board status to the implementation of a resolution plan to address its INR 937 Cr+ liability.

Competitive Landscape

The company faces competition in the global textile market, though specific competitors are not named in the filings.

Competitive Moat

The company does not currently possess a sustainable moat as it is in insolvency; any future competitive advantage would depend on the successful execution of the NCLT-approved resolution plan and the expertise of the new management team.

Macro Economic Sensitivity

The company is sensitive to economic developments in India and international markets, particularly regarding bilateral and multilateral trade agreements.

Consumer Behavior

Shifts in customer preferences are identified as a strategic risk that could lead to demand destruction for the company's products.

Geopolitical Risks

Regulatory risks include changes in international trade disputes and bilateral trade agreements which could impact the textile export business.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with SEBI (LODR) Regulations and the Companies Act 2013. Operations are currently governed by the Insolvency and Bankruptcy Code (IBC) and the orders of the NCLT Prayagraj.

Legal Contingencies

The company is subject to the implementation of a Resolution Plan approved by the Hon'ble NCLT Prayagraj vide its order dated November 4, 2025. There is a significant observation regarding unprovided interest and liabilities totaling INR 2,219.49 Cr.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the successful implementation of the Resolution Plan and the ability of the new management to restart operations. Financial impact of observations regarding liabilities is estimated at INR 2,219.49 Cr.