Promoters of Alps Industries have confirmed that they have not created any fresh encumbrance on their shareholdings as of March 31, 2026. The disclosures were submitted to the stock exchanges in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 07, 2019.

The declarations were made by multiple promoter entities and individuals, including Peek Finvest Private Limited, Pacific Texmark Private Limited, Narad Fabric Private Limited, and Peek Textfab Private Limited. Other entities such as Coronation Spinning (I) Private Limited, Supreme Finvest Private Limited, and Saurabh Floriculture Private Limited also submitted similar confirmations.

Individual promoters, including Sanyog Agarwal, Sandeep Agarwal, Nidhi Agarwal, Sunandini Agarwal, and Rohan Agarwal, likewise declared no fresh encumbrance. The Karta of K.K. Agarwal (HUF) and Krishan Kumar Agarwal also provided confirmations regarding their shareholdings.

The entities stated that they, along with persons acting in concert, have not made any encumbrance directly or indirectly other than those already disclosed to stock exchanges and taken on record during the financial year 2025-26. Consequently, no fresh disclosure is being provided.

The following table lists the promoter entities and individuals who submitted the disclosures:

The disclosures were addressed to the Relationship Manager of the Corporate Relationship Department at the Bombay Stock Exchange Limited and the National Stock Exchange of India Ltd. Copies were also marked to the Company Secretary of Alps Industries Limited and its Audit Committee.

Alps Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹2,599.61 lakh. This marks a significant recovery from the net loss of ₹6,399.04 lakh recorded in the previous year ended March 31, 2025. The turnaround was driven by exceptional items amounting to ₹7,737.15 lakh, recognized following the implementation of a resolution plan approved by the National Company Law Tribunal (NCLT).

The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 30, 2026. The company reported that the exceptional gain represents the difference between the carrying amount of financial liabilities extinguished and the consideration paid, in accordance with Ind AS 109. Consequently, the profit before tax for the year stood at ₹2,599.61 lakh, compared to a loss before tax of ₹6,399.04 lakh in the prior year.

Financial Performance

The company's total comprehensive income for FY26 was ₹2,678.11 lakh, a reversal from the negative comprehensive income of ₹6,399.04 lakh in FY25. Revenue from operations was nil for the year, while other income stood at ₹16.48 lakh. Total expenses for the period decreased to ₹5,154.02 lakh from ₹6,459.89 lakh in the previous year, aided by a reduction in finance costs to ₹4,873.88 lakh from ₹6,337.10 lakh.

Operational and Strategic Updates

Pursuant to the NCLT-approved resolution plan, the company reorganized its equity share capital through reduction and consolidation, issuing fresh equity shares to resolution applicants. The statutory auditors, O. Aggarwal & Co., issued an unmodified opinion on the standalone and consolidated financial statements. They noted that the resolution plan extinguished certain litigations, with no amounts payable as they stand settled.

The auditors confirmed that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026. They also stated that no material uncertainty exists regarding the company's ability to meet its liabilities as they fall due within a year, in accordance with the approved resolution plan.

Key Financial Metrics

The Board of Directors did not recommend any dividend for the year ended March 31, 2026.