Bloom Dekor: Promoter change and capital reorganization under IBC resolution plan

Bloom Dekor's board approved implementation of the NCLT-approved Resolution Plan under IBC. Existing promoters (7 entities including Sunil Gupta) reclassified to Public category. Equity capital reduced sharply: 6,850,000 shares consolidated to just 29,007 shares via a 250:1 ratio. New promoter Mr. Karan Singh Wilkhoo allotted 3 million shares for funding plus 8.14 million shares through debt-to-equity conversion. Strategic investors allotted 4 million shares. Post-allotment paid-up capital stands at 15,166,781 shares of Rs. 10 each.