Change in Management Control as per NCLT order.
Awaiting price reaction for this filing.
J.R. Foods Limited (Scrip Code: 530915) has implemented an NCLT order dated 24 July 2025 (Chennai Bench) that completely restructures the company. The existing promoter shareholding (100%) has been cancelled and reduced to zero, and public shareholders will see 9 out of every 10 shares cancelled for free, with those holding 9 or fewer shares losing their entire stake with no cash compensation. A total of 72,80,912 fresh equity shares of ₹10 each will be allotted to the Successful Resolution Applicant group led by Mr. Amarandhar Reddy Kotha, alongside the merger of Datacipher Solutions Private Limited into the company. Mr. Kotha has been appointed Managing Director, with Mr. Rajesh Kumar Mallour as Whole-time Director & CFO and Mrs. Bhargavi Medisetty as Independent Director, replacing the previous directors. The record date for the capital reduction is fixed at 30 August 2025, and a new corporate office has been opened in Hyderabad.
Existing public shareholders face severe dilution and near-total loss of value, with no cash compensation — anyone holding 9 or fewer shares will be completely wiped out, and others will retain just 10% of their holding. The company has effectively undergone a resolution plan under IBC, with full management and ownership control transferred to the new promoter group linked to Datacipher Solutions.