Approval of Resolution Plan by Hon''ble NCLT.
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Delhi, has pronounced an order on October 9, 2025, approving the resolution plan for RCI Industries & Technologies Limited under Section 31 of the Insolvency and Bankruptcy Code. This concludes the Corporate Insolvency Resolution Process (CIRP) for the company. The written approval order has not yet been published on the NCLT website and is awaited. Once the order is available, RCI Industries will share further details including the salient features of the approved resolution plan, likely identifying the successful resolution applicant (reported to be JTL Defence Ltd).
This is a significant positive development for shareholders as NCLT approval of the resolution plan typically marks the end of the insolvency process and the start of revival under a new promoter/investor. Shareholders should watch for the detailed resolution plan to understand the treatment of their holdings, potential equity dilution, and the identity of the incoming promoter. The stock could see sharp movement once the full plan is disclosed.