Appointment of Directors and KMP w.e.f 11.06.2025
Awaiting price reaction for this filing.
Euro Multivision Ltd has appointed a new management team effective June 11, 2025, following the sale of the company as a going concern under the Insolvency and Bankruptcy Code (IBC) 2016. The sale certificate was issued on April 18, 2025, and control of the company is being handed over to the Successful Bidder/Acquirer. Mr. Girish Jain has been appointed as Managing Director for 3 years, while Mr. Chandra Prakash Ranka joins as Non-Executive Director. Additionally, Mr. Nitin Khemnani and Ms. Meenal Kabra have been appointed as Non-Executive Independent Directors for 5-year terms, and Mr. Bhabesh Jain has been appointed as Chief Financial Officer.
This marks a complete change of control at Euro Multivision, with an entirely new board and management taking over after the IBC liquidation sale. Shareholders should expect the new acquirer's strategic direction to take precedence going forward, and further disclosures regarding the takeover are expected.