Alps Industries enters into settlement agreement with subsidiary companies

Alps Industries Ltd. | Textile | Textiles & Apparels | BSE: 530715 | NSE: ALPSINDUS

31 May 2017 Evaluate

Alps Industries (AIL) has entered into a onetime settlement agreement with its material subsidiary companies - Snowflakes Meditech and Alps Energy on May 30, 2017 for settlement of all dues. The company has received an approval for the same from the board of directors at their meeting held on May 30, 2017.

Alps Industries is a holding company, which is engaged in the textile business. The company manufactures and sells home furnishings, fashion accessories and yarns in India. Its segments include Home Furnishing & Fashion Accessories; Yarn, and Architectural Products.

Peers

Company Name	CMP
Vardhman Textiles	565.65
Welspun Living	222.90
Arvind	566.15
Raymond Lifestyle	688.20
K.P.R. Mill	1114.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.