Appointment of Mr. Kuldeep Menaria (M. No. ACS: 68041), as a whole-time Company Secretary & Compliance Officer of the Company.
Awaiting price reaction for this filing.
Omkar Specialty Chemicals Ltd, under Corporate Insolvency Resolution Process (CIRP) since December 2022, announced multiple resolutions from its Monitoring Committee meeting dated April 15, 2026. Key decisions include: (1) Setting record date as April 29, 2026 for extinguishment/cancellation of all existing equity shares held by promoters and public shareholders under the NCLT-approved Resolution Plan dated July 31, 2025; (2) Issuance of 50 lakh new equity shares of Rs 10 each to IFFAS Kshitij SPV LLP for Rs 5 crore on private placement basis; (3) Borrowing up to Rs 20 crore as loan from Kshitij Polyline Limited; and (4) Appointment of Mr. Mahendra Kumar Jain as CFO and Mr. Kuldeep Menaria as Company Secretary & Compliance Officer. The company is undergoing complete capital restructuring as part of insolvency resolution.
Existing shareholders face total share cancellation with no compensation, while new investor IFFAS Kshitij SPV LLP acquires controlling stake. The appointment of KMPs restores basic governance structure. Stock is likely to remain suspended or highly volatile during CIRP completion.