As the corporate announcement has already made earlier on 30th November 2025 , related to sale of the corporate debtor as going concern , Revised letter is enclosed as herewith
Awaiting price reaction for this filing.
Richa Industries Limited, undergoing liquidation under the Insolvency and Bankruptcy Code following an NCLT order dated June 11, 2025, has completed the sale of the company as a going concern. The e-auction was held on October 16, 2025, and a consortium of Kaveri Industries and Narendra Kumar Srivastava was declared the successful bidder. A Letter of Intent was issued on October 18, 2025, and after receiving full sale consideration, possession of the company was handed over to the consortium on November 27, 2025. This is a revised letter updating BSE and SEBI on the same matter previously intimated on November 30, 2025.
This likely marks the end of the road for existing shareholders, as liquidation sale proceeds will first go to creditors. Any residual value for equity holders is expected to be minimal or zero, making the stock effectively worthless from an investor standpoint.