Alka India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/04/2025 ,inter alia, to consider and approve the Allotment of Equity Shares pursuant ....
Awaiting price reaction for this filing.
Alka India Limited has informed BSE that its Board of Directors will meet on April 12, 2025, at a shorter notice, to consider and approve the allotment of equity shares pursuant to a Resolution Plan approved by the National Company Law Tribunal (NCLT), Mumbai Bench, via order dated February 7, 2025. The company is emerging from a corporate insolvency resolution process and this allotment is part of implementing that approved plan. The filing is made under Regulation 29 of SEBI LODR Regulations. The company's website is still under development, so the intimation could not be uploaded there.
Shareholders should note that fresh equity shares will be allotted as part of the NCLT-approved resolution plan, which typically results in dilution of existing shareholders' holdings. This is a key step in the company's revival process post-insolvency and may reshape the shareholding structure significantly.