Alps Industries Limited conducted a comprehensive board meeting on January 13, 2026, addressing multiple corporate governance matters and strategic decisions. The meeting, held from 2:00 P.M. to 5:00 P.M., resulted in several key approvals that will require shareholder consent through postal ballot procedures.

Board Meeting Outcomes and Postal Ballot Matters

The board approved a postal ballot notice covering four significant corporate matters requiring shareholder approval. These decisions demonstrate the company's commitment to regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Directorship Changes

The most significant personnel change involves the transition in the Whole-Time Director position. Mr. Vinod Kumar (DIN: 03595634) submitted his resignation on January 13, 2026, citing personal reasons and unavoidable circumstances. The company confirmed that no material reasons beyond personal factors contributed to his departure.

New Director Appointment Details

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

Corporate Governance and Compliance

The board meeting demonstrates Alps Industries Limited's adherence to regulatory requirements under multiple SEBI regulations. The company has properly disclosed all changes under Regulation 30 of SEBI LODR Regulations, ensuring transparency in corporate governance practices.

The resignation and appointment processes follow prescribed regulatory frameworks, with appropriate documentation submitted to both National Stock Exchange of India Limited and Bombay Stock Exchange Limited. Company Secretary Ajay Gupta executed the necessary regulatory filings and communications to maintain compliance standards.

Strategic Implications

These corporate changes reflect Alps Industries Limited's ongoing organizational development and strategic positioning. The proposed registered office relocation and authorized capital amendments suggest potential expansion or restructuring initiatives, while the leadership transition ensures continuity in executive management.

The company's systematic approach to implementing these changes through postal ballot procedures demonstrates commitment to shareholder participation in significant corporate decisions. All matters will require formal shareholder approval before implementation, maintaining democratic corporate governance principles.

Alps Industries Limited has revised the record date to January 2, 2026, for implementing capital reduction and consolidation under its NCLT-approved resolution plan. The updated announcement, made on December 19, 2025, changes the previously set record date of December 19, 2025, as the company continues its comprehensive restructuring process.

Updated Record Date Declaration

The company has fixed the new record date for corporate actions under Regulation 42 of SEBI LODR Regulations. The restructuring involves a significant 99% reduction in equity share capital followed by consolidation of shares.

Capital Reduction Structure

The existing subscribed and paid-up equity share capital comprises 3,91,14,100 equity shares with a face value of ₹10.00 each, aggregating to ₹39,11,41,000. Post-reduction, the same number of shares will have a face value of ₹0.10 each, aggregating to ₹39,11,410.

Share Consolidation Process

Following the capital reduction, the company will consolidate shares where 10 equity shares of face value ₹0.10 each will be consolidated into 1 equity share of face value ₹1.00 each. This consolidation will result in 39,11,410 equity shares outstanding.

Resolution Plan Implementation

All actions are being implemented pursuant to the resolution plan approved by NCLT Prayagraj. The comprehensive restructuring includes various corporate actions as part of the court-approved resolution plan, with the company ensuring compliance with applicable provisions of the Companies Act, 2013, SEBI LODR Regulations, 2015, and other relevant laws and regulations throughout the restructuring process.