Description

Trading suspension for ALPS INDUSTRIES LTD. effective January 2, 2026 due to 99% reduction in equity share capital and subsequent consolidation as per NCLT-approved resolution plan.

Summary

BSE has announced trading suspension for ALPS INDUSTRIES LTD. (Scrip Code: 530715) effective January 2, 2026 due to implementation of a resolution plan approved by the Hon’ble National Company Law Tribunal, Allahabad Bench, Prayagraj. The plan involves a 99% reduction in equity share capital followed by a 10:1 share consolidation.

Key Points

  • Trading members advised not to deal in equity shares of ALPS INDUSTRIES LTD. from January 2, 2026
  • Record date for capital reduction: January 2, 2026
  • Suspension under Settlement No. DR-790/2025-2026
  • Scrip Code: 530715
  • NCLT Allahabad Bench has approved the resolution plan

Regulatory Changes

Capital Reduction (99% reduction):

  • Existing: 3,91,14,100 equity shares of Face Value Rs. 10/- each (Total: Rs. 39,11,41,000/-)
  • Reduced to: 3,91,14,100 equity shares of Face Value Rs. 0.10 each (Total: Rs. 39,11,410/-)

Share Consolidation (10:1):

  • Ten (10) equity shares of Face Value Rs. 0.10 each will be consolidated into One (1) equity share of Face Value Re. 1/- each
  • Final number of shares after consolidation: 39,11,410 equity shares

Compliance Requirements

  • Trading members must cease all dealings in ALPS INDUSTRIES LTD. equity shares from January 2, 2026
  • Trading members are required to take note of the suspension and capital restructuring
  • No transactions should be executed effective from the record date

Important Dates

  • Notice Date: December 31, 2025
  • Record Date: January 2, 2026
  • Suspension Effective Date: January 2, 2026 (Settlement No. DR-790/2025-2026)

Impact Assessment

Shareholder Impact:

  • Existing shareholders will see face value reduced from Rs. 10 to Rs. 0.10 (99% reduction)
  • Subsequently, every 10 shares will be consolidated into 1 share
  • Net effect: Shareholders holding 100 shares will end up with 10 shares of Re. 1/- face value each

Market Impact:

  • Complete trading suspension prevents any market transactions
  • Resolution plan indicates the company is undergoing insolvency/restructuring proceedings under NCLT
  • High severity corporate action affecting all existing shareholders
  • Liquidity completely removed until further notice from the exchange

Impact Justification

Complete trading suspension and 99% capital reduction with 10:1 share consolidation represents significant corporate restructuring affecting all shareholders