ALPSINDUS

Alps Industries Limited has informed the Exchange regarding the one time settlement with subsidiary Companies.

Alps Industries Limited has informed the Exchange regarding Change of Status Due to Repeal of Sick Industrial Companies (Special Provisions) Act, 1985 as Non Sick Industrial Entity.

Alps Industries Limited has informed the Exchange that the company (AIL) has entered into a Onetime Settlement Agreement with Standard Chartered Bank on October 3, 2016 for settlement of all dues of Standard Chartered Bank.

Alps Industries Limited has informed the Exchange regarding delisting of equity shares.

Alps Industries Limited has informed the Exchange that company (AIL) has entered into a Settlement and General Release Agreement with Royal Bank of Scotland (RBS) on April 25, 2016 for settlement of all disputed claims of ABN Amro Ban k NV against certain disputed derivative transactions entered into with ABN Amro Bank NV which has been shown by company as contingent liability estimated at Rs. 308 crore approx. as on June 2010.

Alps Industries Limited has informed the Exchange regarding Discontinuation of Operations one of the loated at Haridwar.

Alps Industries Limited has submitted the Exchange a copy of SAT order on restatement the financial statements of the company for the financial year 2012-13.

Alps Industries Limited has informed the Exchange that the Board of Directors has appointed key Managerial Personnel, Mr. Ajay Gupta (Company Secretary & G. M Legal) as Materiality Officer of the Company for the purpose of determining materiality of an event or information and for the purpose of making disclosure of stock exchanges and on the website of the Company and other related compliances.

Alps Industries Limited has informed the Exchange regarding the list of litigations against the Company which is in terms of the Materiality Policy of the Company as approved by the Board of Directors of the Company.

Alps Industries Limited has informed the Exchange vide letter dated February 06, 2016 regarding "Discontinuance of Operations one of the Unit Located at Haridwar".

Alps Industries Limited has informed the Exchange that M/s. P. Jain & Co., Chartered Accounts, the Statutory Auditors of the Company has resigned from the position of Statutory Audiotrs of the Company with immediate effect i.e. August 19, 2015.

Alps Industries Limited has informed the Exchange that Board of Directors of the Company at their meeting held on February 11, 2015 has adopted the Code of Conduct as per Regulations of SEBI (Prohibition of Insider Trading) Regulations, 2015 effective from May 15, 2015.

Alps Industries Limited has informed the Exchange that there is a change in the Composition of Board due to the appointment of one woman director under Section-149 of Company Act, 2013 and clause 49(II) (A) of Listing Agreement. The appointment of non-executive independent director has been made by the Board of Directors at their meeting held on February 11, 2015.

Alps Industries Limited has informed the Exchange with reference to the submission of Unaudited Financial Results for the Quarter and period ended September 30, 2014, due to minor typographical error the Statements of Assets and Liabilities needs to be revised, as per the corrected statement for the half year ended on September 30, 2014 as enclosed duly highlighting the changes.

Alps Industries Limited has informed the Exchange regarding the Cut-off Date for the purpose of electronically or physically voting rights in forthcoming Annual General Meeting.

Alps Industries Limited has informed the Exchange vide its letter dated December 25, 2010 regarding "Intimation of Major Event - Declaration of Sick Industrial Company by BIFR".

Alps Industries Ltd. has informed the Exchange that "The meeting of Creditors (Bankers/Lenders) of the Company was held on March 11, 2010 in terms of the order dated February 8, 2010 of the Hon'ble High Court of Allahabad. The meeting was held under the Chairmanship of Chairman appointed by the Hon'ble High Court of Allahabad. The decision of the meeting will be finalized by the chairman and the report the minutes will be filed before the Hon'ble High Court ".

Alps Industries Ltd. has informed the Exchange that the Company had submitted a formal proposal to its lead banker, State Bank of India, for registration under Corporate Debt Restructuring Cell (CDR) to restructure the borrowings from various banks. Further the Company has informed that the proposal for restructuring of debt under CDR Scheme has been approved by the authorities at their meeting held on August 31, 2009. It has been communicated to the company vide their letter dated September 11, 2009, received by the company on September 14, 2009.

Alps Industries Ltd. has informed the Exchange that "Due to global recession and lack of orders the management of the Company has decided to retrench 140 workmen out of 273 workmen with effect from the August 3, 2009 at the Company's units situated at 57/2 Site IV, Industrial Area, Sahibabad. The necessary intimation has been sent to the Dy. Labour Commissioner, Ghaziabad in this regard".

Alps Industries Ltd. has informed the Exchange vide its letter dated June 09, 2009, that: "Due to strike on June 8, 2009 by workers at the Company's units situated at 57/2, and 58/1 Site IV, Industrial Area, Sahibabad, management of the Company has declared the Lockout on June 8, 2009 from 3.00 P.M. The necessary intimation has been sent to the Dy. Labour Commissioner, Ghaziabad in this regard".

Alps Industries Ltd. has informed the Exchange that the company has submitted a formal proposal to its lead banker, State Bank of India, for registration under Corporate Debt Restructuring Cell (CDR) to restructure the borrowings from various banks.

Alps Industries Ltd. has informed the Exchange that: "With a view to rationalizing operations necessitated by general slowdown of real estate development activities, the business and manufacturing operations of the company's unit situated at B-160-161, Mettupalayam Industrial Estate, Pondicherry have been discontinued".

Alps Industries Ltd. has informed the Exchange that there are two Legal Dispute, which may have material impact on the operations of the Company. (1) The Legal Matter of Merrill Lynch Capital Services, INC. (2) The Legal Matter of A.B.N. Amro Bank. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Alps_Update_28012009.zip target=NEW> For more details click here.</a>

Alps Industries Ltd. has informed the Exchange that "Due to Global economic slowdown and recession which is affecting our company also, the management of the company has declared to layoff with affect from January 17, 2009 for one day in each week of the month, till further order, in this regard. The necessary intimation has been sent to the Additional Labour Commissioner, Ghaziabad in this regard".

Alps Industries Ltd. has informed the Exchange that: "We have entered into a technical collaboration and marketing support agreement with Suminoe Textile Company Limited, Japan for manufacture of automotive fabrics. The project is proposed to be set up at Laksar in Uttaranchal. The Japanese company will provide design and technical support to our company as well as assist us in marketing the fabrics to leading automobile manufactures on the strength of their experience and relationships with all leading automobile manufactures".