BSERolta India LtdHighNeutral
Announced Fri, 19 Dec · 17:40 IST

As per the attachment.

Nclt Resolution ApprovedRegulatory & Legal View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Rolta India has informed the exchanges that a Monitoring Committee has been constituted to oversee the implementation of the resolution plan approved by the NCLT Mumbai on December 15, 2025. The resolution plan was submitted by Ashdan Properties Private Limited and involves the takeover/revival of Rolta as a going concern. The Monitoring Committee will act as the decision-making body, managing day-to-day operations and ensuring the plan is executed up to the Transfer Date. The Committee's composition and meeting frequency will comply with applicable laws on Board governance. Dr. Mamta Binani, the erstwhile Resolution Professional, will be part of this Monitoring Committee.

Likely market impact

This is a positive procedural step confirming that Rolta is moving forward with its revival under the new acquirer, Ashdan Properties. Shareholders should expect clarity on equity dilution, restructuring, and eventual revival of trading once the resolution plan is fully implemented.