Description

Trading suspension in 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 in ALPS INDUSTRIES LTD (Scrip Code: 530715) effective January 2, 2026 due to reduction of equity share capital under a Resolution Plan approved by the Hon’ble National Company Law Tribunal, Allahabad Bench, Prayagraj. The company’s subscribed and paid-up equity share capital will be reduced by 99% from Rs. 39,11,41,000 to Rs. 39,11,410, followed by a 10:1 share consolidation.

Key Points

  • Trading members advised not to deal in ALPS INDUSTRIES LTD equity shares from January 2, 2026
  • Record date set as January 2, 2026 for capital reduction
  • Resolution Plan approved by NCLT Allahabad Bench, Prayagraj
  • Face value to be reduced from Rs. 10 per share to Rs. 0.10 per share (99% reduction)
  • Total share capital reduced from Rs. 39,11,41,000 to Rs. 39,11,410
  • Number of shares remains 3,91,14,100 after face value reduction
  • Post-reduction consolidation: 10 shares of Rs. 0.10 each consolidated into 1 share of Re. 1 each
  • Settlement Number: DR-790/2025-2026

Regulatory Changes

This action is implemented under a Resolution Plan approved by the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj. The capital restructuring involves both reduction and consolidation as part of the approved resolution framework.

Compliance Requirements

  • Trading members must not deal in equity shares of ALPS INDUSTRIES LTD from January 2, 2026
  • All trading members must note the suspension and ensure compliance with the no-dealing directive
  • Record date compliance for capital reduction purposes: January 2, 2026

Important Dates

  • Notice Date: December 31, 2025
  • Record Date: January 2, 2026
  • Trading Suspension Effective Date: January 2, 2026
  • Settlement Number: DR-790/2025-2026

Impact Assessment

Shareholder Impact: Extremely high impact on existing shareholders. The 99% capital reduction followed by 10:1 consolidation will result in shareholders holding only 1/10th of their original share count at a drastically reduced face value. For example, a shareholder with 100 shares of Rs. 10 face value will end up with 10 shares of Re. 1 face value after the entire process.

Market Impact: Trading suspension prevents any market transactions, eliminating liquidity completely. The restructuring under NCLT indicates the company is undergoing resolution proceedings, typically associated with financial distress.

Operational Impact: This corporate action is part of a resolution plan, suggesting significant operational and financial restructuring of the company. Investors should review the complete Resolution Plan for understanding the company’s future structure and prospects.

Impact Justification

Complete trading suspension and 99% capital reduction with 10:1 share consolidation significantly impacts all shareholders of ALPS INDUSTRIES LTD.