Board approves 7.3 crore shares to NCLT resolution applicants

Board approved issuing and allotting 7.3 crore equity shares of Re.1 each fully paid up at par, totalling around Rs.7.3 crore, to a consortium of successful resolution applicants. This is part of implementing the resolution plan approved by the NCLT vide order dated November 4, 2025. The issuance signals the company is coming out of insolvency with new investors taking over.