as attached herewith
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai Bench IV, has approved the Resolution Plan for Shivom Investment & Consultancy Ltd on 18th August 2025, bringing the company's Corporate Insolvency Resolution Process (CIRP) to a close. The plan was submitted by Mr. Prashantbhai Ghanshyambhai Ukani and had earlier been approved by the Committee of Creditors with 100% voting share on 25th July 2024. Under the plan, unsecured financial creditors with admitted claims of Rs. 27.47 crore will recover about 25.76% (Rs. 7.08 crore in cash plus equity shares and convertible debentures), while operational creditors with admitted claims of Rs. 1.35 crore will get just around 1.84%. The entire existing equity capital of 6,99,51,325 shares will be cancelled, and existing public shareholders will receive only 2 new shares for every 1,000 currently held. The Resolution Applicant will additionally subscribe to 60 lakh fresh equity shares at par, effectively taking control of the company.
For existing public shareholders, this is effectively a near-total wipeout — their shareholding will be reduced by 99.8% (from the current capital being cancelled, only 2 shares per 1,000 retained). The new promoter will be Mr. Prashantbhai Ghanshyambhai Ukani. While the resolution saves the company from liquidation, shareholders will see massive dilution and likely a sharp repricing of the stock once trading resumes, as the new equity structure is dramatically different from the old one.