Description
Trading in ALPS Industries Ltd. (Scrip Code: 530715) suspended from January 2, 2026 due to 99% reduction in face value and share consolidation under NCLT-approved resolution plan.
Summary
BSE has announced the suspension of trading in equity shares of ALPS Industries Ltd. (Scrip Code: 530715) effective January 2, 2026, due to a major capital restructuring under a Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj. The restructuring involves a 99% reduction in face value followed by a 10:1 share consolidation.
Key Points
- Trading in ALPS Industries Ltd. shares suspended from January 2, 2026 (Settlement No. DR-790/2025-2026)
- Record Date for capital reduction: January 2, 2026
- Resolution Plan approved by NCLT, Allahabad Bench, Prayagraj
- Trading members advised not to deal in the company’s equity shares from the suspension date
- Notice Number: 20251231-16
- Notice Category: Corporate Actions - Equity Segment
Regulatory Changes
Phase 1 - Face Value Reduction:
- Existing paid-up equity share capital: 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)
- Reduction percentage: 99% of face value
Phase 2 - Share Consolidation:
- 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
- Consolidation ratio: 10:1
Compliance Requirements
- Trading Members: Must not deal in equity shares of ALPS Industries Ltd. with effect from January 2, 2026
- Trading Members: Required to take note of the suspension and communicate to clients
- Capital restructuring executed as per NCLT-approved Resolution Plan
Important Dates
| Date | Event |
|---|---|
| December 31, 2025 | Circular issued |
| January 2, 2026 | Record Date for capital reduction |
| January 2, 2026 | Trading suspension effective date |
| January 2, 2026 | Settlement No. DR-790/2025-2026 |
Impact Assessment
For Existing Shareholders:
- Significant dilution of face value (99% reduction from Rs. 10 to Rs. 0.10)
- Further consolidation will reduce share count by 90% (10 shares become 1)
- Net effect: Shareholders will hold 1 share of Re. 1 for every 10 shares of Rs. 10 previously held
- Total paid-up capital reduced from Rs. 39.11 crore to approximately Rs. 39.11 lakh
For Market Participants:
- Complete trading halt from January 2, 2026
- No dealings permitted until further notice
- Affects liquidity and exit options for current shareholders
Corporate Restructuring Context:
- Action taken under court-supervised resolution plan indicating financial distress or restructuring
- NCLT approval suggests compliance with insolvency or restructuring framework
- Material impact on company’s capital structure and shareholder rights
Impact Justification
Complete trading suspension and significant capital restructuring involving 99% face value reduction and 10:1 share consolidation under court-approved resolution plan