BSEKSS Ltd-$CriticalPositive
Announced Fri, 7 Aug · 17:29 IST
NCLT gives effect to KSS Limited resolution plan approved by NCLAT
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLT Mumbai passed consequential order on 5 Aug 2026 giving effect to NCLAT approval of resolution plan by Micro Capitals Pvt Ltd for KSS Ltd (in CIRP). Total settlement outlay Rs 3.01 crore against admitted claims of Rs 121.61 crore. Existing public shareholders will get 1 share for every 1,400 held, about 5% of post-CIRP capital. Micro Capitals will hold about 95% via 3 crore fresh shares. Moratorium ends. Trading was suspended since Nov 2020.
Likely market impact
Public shareholders face 1400:1 dilution, retaining only about 5%. Micro Capitals takes 95% control. Trading remains suspended since Nov 2020.