Cian Healthcare Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/01/2026 ,inter alia, to consider and approve a) the record date for reduction/cancellation ....
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Cian Healthcare Ltd has called a meeting of its Resolution Plan Implementation Committee on January 9, 2026. This follows the NCLT's approval of the company's resolution plan on December 18, 2025, with Mr. Pradeep Kumar Jain as the Successful Resolution Applicant. The committee will set the record date for cancellation and extinguishment of all existing equity shares held by the erstwhile promoters and current public shareholders. It will also approve the preferential issuance of fresh equity shares to the new promoters in line with the NCLT order and SEBI ICDR regulations. Effectively, the existing shareholding structure will be wiped out and replaced by new shares issued to the incoming promoter.
Existing shareholders are likely to lose their entire equity holdings as the current shares are being cancelled and extinguished. New shares will be issued only to the resolution applicant's chosen promoters, which means the stock will essentially be taken over and restructured. Retail investors holding the stock at the record date should be prepared for a total loss of their current holdings, though they may or may not receive any compensation depending on the resolution plan terms.