Change in Registered Office of the Company within the city limits with immediate effect
Awaiting price reaction for this filing.
The board implemented an NCLT-approved resolution plan (order dated 9 October 2025) through major equity restructuring. All existing promoter shares (1,07,04,615 shares, 68.28%) were cancelled, and existing public shareholding was slashed from 49,71,800 shares to just 5,24,350 shares (5% of post-restructuring capital). Following this, 1,00,00,000 (1 crore) fresh equity shares of face value ₹10 each — totalling ₹10 crore — were allotted to JTL Industries Limited (the successful resolution applicant) at par on a preferential basis. After the restructuring, JTL Industries holds 95% of the company (1 crore shares) while the total share count shrinks from 1.57 crore to 1.05 crore shares. The board also approved shifting the registered office within Delhi to 1/10-B, First Floor, Munshi Niketan Building, Asaf Ali Road, New Delhi-110002.
This is effectively a takeover of the company via the insolvency resolution route. Existing shareholders — both promoters and public — lose almost all their equity (public holders see roughly a 89.5% cut in their share count). JTL Industries becomes the new controlling shareholder with a 95% stake and has infused ₹10 crore. The stock has been fundamentally reset under new ownership, with significant implications for liquidity and price discovery.