Change in management
Awaiting price reaction for this filing.
Taaza International Limited, emerging from an NCLT-approved Resolution Plan (order dated 12.06.2025), has undergone sweeping changes effective 06.08.2025. The company appointed Mr. Rohit Aidasani as CFO and Ms. Priya Ladda as Company Secretary, along with new statutory, internal, and secretarial auditors. The company name is being changed to 'Keto Motors Limited' and its main business is pivoting to electric vehicles manufacturing. Most critically, the company is implementing a massive capital reduction: entire promoter shareholding will be extinguished and 95% of existing public shareholding will be cancelled, with shareholders receiving Rs. 3.70 per share as compensation. Public shareholders will receive 1 new equity share for every 20 shares held. New board committees have also been constituted.
Severely negative for existing shareholders — they stand to lose 95% of their holdings at Rs. 3.70 per share payout, with only 1 new share issued for every 20 old shares held. The stock will essentially be restructured around a new EV business under a new name (Keto Motors Limited), with completely fresh management and promoter base.