ALPS INDUSTRIES UPDATES

Alps Industries Ltd. has informed the Exchange that Prudential ICICI Emerging S.T.A.R. (Stocks Targeted At Returns) Fund has acquired 300,000 shares aggregating to 2.76% of the total paid up capital of Alps Industries Ltd. on January 25, 2006. The mode of acquisition is Secondary Market and the shareholding Prudential ICICI Emerging S.T.A.R. (Stocks Targeted At Returns) Fund after the said acquisition is 650,000 shares aggregating to 5.98% of the total paid up capital of Alps Industries Ltd