Board Meeting held on 6th November, 2025 in which the Board inter alia considered and approved capital reduction of entire existing equity share capital,alteration of Memorandum of Association ....
Awaiting price reaction for this filing.
The Board of Jiya Eco-Products, at its meeting on 6th November 2025, approved key restructuring steps to implement the Resolution Plan cleared by NCLT Ahmedabad in December 2024. The entire existing equity share capital — 3,00,73,262 shares of Rs. 10 each (Rs. 30.07 crore) — will be cancelled. Post-cancellation, the company will have 10,63,140 equity shares of Rs. 100 each (Rs. 1.06 crore paid-up capital), effectively a 10:1 consolidation (10 old Rs. 10 shares become 1 new Rs. 100 share). Additionally, 1,06,314 fresh shares of Rs. 100 each will be allotted — 1,01,000 shares (95%) to the Resolution Applicant (new promoter Mr. Pradeep Khandagale) and just 5,314 shares (5%) to existing public shareholders other than promoter group/friends/families. The MoA will be altered accordingly. The company is emerging from the Corporate Insolvency Resolution Process (CIRP).
This is a near-total wipeout for existing public shareholders, who retain only about 5% of the new equity compared to 95% going to the new promoter. Most pre-existing shares are being cancelled, and surviving public shareholders will see a massive dilution in their proportional ownership. The stock may face re-rating risk and trading dislocation as the share base is restructured under IBC revival.