Alps Industries Limited conducted a comprehensive board meeting on January 13, 2026, addressing multiple strategic corporate matters and approving a postal ballot notice for shareholder consideration. The meeting, held from 2:00 PM to 5:00 PM, resulted in several significant decisions that will shape the company's operational structure.

Board Meeting Outcomes and Postal Ballot Approval

The board meeting, conducted in compliance with Regulation 29 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, focused on four primary matters requiring shareholder approval through postal ballot:

Key Directorship Changes

The most significant personnel changes involved the transition in the Whole-Time Director position. Mr. Vinod Kumar (DIN: 03595634) submitted his resignation due to unavoidable personal reasons, with his cessation effective January 13, 2026. The resignation letter, dated January 13, 2026, contained all required declarations and confirmations as per regulatory requirements.

Simultaneously, the board appointed Mr. Nishant Sharma (DIN: 00079281) as Additional Director in the category of Whole-Time Director, effective January 13, 2026. This appointment is subject to shareholder approval at the upcoming General Meeting under Sub-regulation (1C) of Regulation 17 of SEBI LODR Regulations.

New Director Profile and Experience

Mr. Nishant Sharma brings substantial expertise to his new role, with over 18 years of experience in accounts, finance, and stock market operations. At 43 years of age, he specializes in ensuring adherence to securities laws, stock exchange regulations, and internal policies. His appointment addresses the immediate need for experienced leadership following Mr. Kumar's departure.

Corporate Restructuring Initiatives

Beyond the directorship changes, the board approved two significant structural modifications subject to shareholder consent. The proposed registered office relocation outside the current local limits represents a strategic operational decision that requires formal shareholder approval through the postal ballot process.

Additionally, the board sanctioned amendments to the authorized share capital clause in the company's Memorandum of Association. This modification, pending shareholder approval, indicates potential plans for capital structure optimization or future growth initiatives.

Regulatory Compliance and Next Steps

All decisions were made in strict compliance with SEBI regulations, particularly Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by notifying both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited about these developments.

The postal ballot process will enable shareholders to vote on these crucial matters, ensuring democratic participation in significant corporate decisions. The company's management, led by Company Secretary Ajay Gupta, has committed to providing all necessary documentation and support for the shareholder approval process.

Alps Industries Limited conducted a board meeting on January 13, 2026, addressing several critical corporate governance matters and directorship changes. The meeting, which commenced at 2:00 PM and concluded at 5:00 PM, was held in compliance with Regulation 29 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Decisions and Postal Ballot Matters

The board approved a Notice of Postal Ballot covering multiple matters that require shareholder approval. These decisions reflect the company's strategic initiatives for corporate restructuring and governance enhancement.

Leadership Transition: Director Changes

The most significant development from the meeting involves changes in the company's leadership structure. Mr. Vinod Kumar (DIN: 03595634) submitted his resignation as Whole-Time Director on January 13, 2026, citing personal reasons and unavoidable circumstances. His resignation was accepted by the board on the same date.

Simultaneously, the board approved the appointment of Mr. Nishant Sharma (DIN: 00079281) as Additional Director in the category of Whole-Time Director, effective January 13, 2026. This appointment is subject to shareholder approval at the ensuing General Meeting under Sub-regulation (1C) of Regulation 17 of SEBI LODR Regulations.

New Director Profile and Experience

Mr. Nishant Sharma brings substantial expertise to his new role, with over 18 years of experience in accounts, finance, and stock market operations. At 43 years of age, he possesses comprehensive knowledge of securities laws, stock exchange regulations, and internal policy compliance.

Resignation Details and Compliance

The resignation process followed proper regulatory protocols, with Mr. Vinod Kumar confirming in his resignation letter that there were no material reasons beyond personal circumstances for his departure. The company has confirmed that he holds no directorship or membership in committees of other listed entities.

Regulatory Compliance and Next Steps

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All matters approved by the board, including the directorship changes and corporate restructuring initiatives, will be presented to shareholders through the postal ballot process for final approval.

The documentation was signed by Company Secretary and Assistant Vice President – Legal, Ajay Gupta, ensuring proper corporate governance procedures were followed throughout the meeting and subsequent disclosures.