Allotment of Equity Shares pursuant to NCLT order.
Awaiting price reaction for this filing.
Datacipher Ltd (formerly J.R. Foods Limited) has approved multiple share allotments following an NCLT order dated 24th July 2025. The board allotted 72,80,912 equity shares (face value ₹10) to the Successful Resolution Applicant group led by Mr. Amarandhar Reddy Kotha. Additionally, equity shares were allotted to the shareholders of Datacipher Solutions Private Limited, which is being amalgamated into the listed company. A further 70,00,000 equity shares were allotted to a Strategic Investor under the public category. The company is also renaming itself, reflecting the new business identity of the amalgamated entity, with a total capital increase of around ₹150 crore planned.
This represents a reverse acquisition where Datacipher Solutions Private Limited is merging into the listed shell of J.R. Foods, effectively transforming the listed company into a new tech-focused entity. Shareholders should note significant dilution from the new allotments, but the change in business direction and capital infusion of ~₹150 crore could materially reshape the company's future prospects.