As per the attachment.
Awaiting price reaction for this filing.
The NCLT Mumbai bench approved the resolution plan for Rolta India submitted by Ashdan Properties Private Limited on December 15, 2025, with a total payout of INR 900 crore to settle creditor claims. The admitted financial creditor debt is roughly INR 13,786 crore, so secured lenders get only about 11.4% recovery and unsecured financial creditors under 1%. All existing equity shares will be fully cancelled with no payment to current shareholders, as the liquidation value attributable to equity holders is NIL. The company will be acquired as a going concern by Elitekey Properties Private Limited (the Implementing Entity), in which Ashdan holds 51% and DBG Estates Holdings LLP holds 49%. Rolta's equity shares will be delisted from BSE and NSE, and the company will convert from a public to a private limited company.
This is a complete wipeout for existing retail shareholders, who receive nothing and lose their entire investment as the stock will be delisted from the exchanges. Lenders recover only a small fraction of what was owed, and control of the company passes fully to the new promoter entity.