Alps Industries Limited has disclosed its financial indebtedness position for the quarter ended December 31, 2025, revealing a total debt of ₹21.60 crore comprising entirely of unlisted debt securities. The disclosure comes as part of the company's regulatory compliance requirements for loans and revolving facilities.

Debt Settlement Under NCLT Resolution Plan

A significant development during the quarter was the settlement of the company's entire debt under a resolution plan approved by the Hon'ble National Company Law Tribunal (NCLT). The resolution plan was formally approved on November 4, 2025, and was successfully implemented during the quarter ended December 31, 2025.

Financial Indebtedness Breakdown

The company's current financial position shows a clear debt structure following the resolution plan implementation:

NCRPS Issuance Details

The ₹21.60 crore debt comprises Non-Convertible Redeemable Preference Shares (NCRPS) issued during the quarter. Key details of the NCRPS include:

• Face Value: ₹1 crore per instrument
• Issuance Basis: Part of the NCLT-approved resolution plan
• Accounting Treatment: Measured at amortised cost using the effective interest method
• Compliance Standard: Ind AS 109 - 'Financial Instruments'

Default Position

The company reported no defaults on any of its outstanding financial indebtedness as of December 31, 2025. This clean default position reflects the successful implementation of the resolution plan and the company's improved financial standing post-restructuring.

Regulatory Compliance

The disclosure was filed on March 20, 2026, and signed by Ajay Gupta, Company Secretary & AVP - Legal, demonstrating the company's commitment to maintaining transparency and regulatory compliance in its financial reporting.

Alps Industries Limited has reported a remarkable financial turnaround in its Q3 FY26 results, posting a profit of ₹6,204.17 lakh for the quarter ended December 31, 2025. This represents a dramatic improvement from the loss of ₹1,604.94 lakh recorded in the corresponding quarter of the previous year. The transformation follows the successful implementation of a resolution plan approved by the National Company Law Tribunal (NCLT).

Financial Performance Overview

The company's quarterly performance shows significant improvement across key metrics:

For the nine-month period ended December 31, 2025, the company reported a profit of ₹2,801.09 lakh compared to a loss of ₹4,766.92 lakh in the corresponding period of the previous year.

Independent Auditor's Review Report

O. Aggarwal & Co. Chartered Accountants has issued the independent auditor's review report for both standalone and consolidated unaudited financial results pursuant to Regulation 33 of SEBI Listing Regulations. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.

The auditors emphasized the implementation of the resolution plan approved by NCLT and its resultant impacts on financial results. The consolidated results include subsidiaries Alps Energy Private Limited and Alps USA Inc., with minimal impact on overall group performance.

Resolution Plan Implementation

The company's turnaround stems from the implementation of a resolution plan approved by the NCLT on November 4, 2025. The resolution plan was initiated after Edelweiss Asset Reconstruction Company Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Key aspects include:

Capital Structure Changes

The resolution plan involved significant changes to the company's capital structure:

Corporate Governance and Compliance

The Board of Directors approved maintaining books of accounts and statutory records at the company's new registered office at A-115, Sector-136, Maharishi Nagar, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201304. The auditor's review confirms compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The successful implementation of the resolution plan has positioned Alps Industries Limited for operational recovery, with the company now operating under new management and a restructured balance sheet that eliminates previous financial burdens.