Appointment of Directors in the Company- 1. Mr. Rohi Kathal (DIN: 09224176) 2. Mr. Vikrant Jain (DIN: 08245190) 3. Mr. Sandip Agarwal (DIN: 06873744) at the Internal Monitoring Committee ....
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Manjeera Constructions Ltd, which was undergoing Corporate Insolvency Resolution Process (CIRP), has appointed three new directors — Mr. Rohi Kathal, Mr. Vikrant Jain, and Mr. Sandip Agarwal — with immediate effect from June 2, 2025. The appointments were made by the Monitoring Committee in line with the NCLT Hyderabad Bench order dated March 26, 2025, which approved the resolution plan submitted by Valentis Laboratories Private Limited in consortium with Surya Treasure Island Private Limited. All three appointees are based in Nagpur, Maharashtra, and were nominated by the successful resolution applicant. Mr. Sandip Agarwal is a Chartered Accountant, while the others are business professionals. The company is currently under the supervision of Resolution Professional Mr. Birendra Kumar Agrawal.
This marks a significant transition for shareholders as the company emerges from insolvency proceedings with a new board installed by the acquiring consortium. It signals the completion of the IBC resolution process and a fresh start under new management, though the company remains under monitoring. Investors should watch for further updates on business revival plans and any changes to operations.