Change in Management pursuant to NCLT order

J.R. Foods Limited (Scrip Code: 530915) has implemented an NCLT-approved resolution plan dated 24th July 2025 from the Chennai Bench, resulting in a complete change of control. The existing promoters' entire shareholding has been cancelled and reduced to zero, while public shareholders lose 9 out of every 10 shares held (those holding 9 or fewer shares lose everything without cash compensation). The successful resolution applicant group led by Mr. Amarandhar Reddy Kotha has been allotted 72,80,912 fresh equity shares of Rs. 10 each through a merger of Datacipher Solutions Private Limited. Mr. Amarandhar Reddy Kotha has been appointed Managing Director for 5 years, Mr. Rajesh Kumar Mallour as Whole-time Director cum CFO, and Mrs. Bhargavi Medisetty as Independent Director. All three previous directors – Mr. Kothari Dinesh, Mr. Gopi, and Mrs. Kamala – have ceased as directors pursuant to the NCLT order. A new corporate office has been opened in Hyderabad.