Alps Industries Limited announced that Mr. Ashok Kumar Singhal, who upon reaching superannuation age vide his letter dated March 1, 2023 has submitted his intention of retirement, from the position of Chief Financial Officer (CFO) of the company, with effect from 31 March, 2023 (after the closing of business hours), he has been relived from the position accordingly. It is vacating the position effective April 1, 2023 in terms of the provisions of Section 203 of Companies Act, 2013 and (Appointment and Remuneration of Managerial Personnel) Rules, 2014 made Companies thereunder as amended as on date. He was under the category of Key Managerial Person as defined under section 2(51) of the Companies Act 2013.

The Company is in the process of identifying & hiring new suitable person for the vacant position.