OMKARCHEMNSEOmkar Speciality Chemicals Limited· Chemicals - SpecialityMediumNeutral
Announced Wed, 15 Apr · 17:41 IST
CIRP resolutions: Share cancellation Apr 29, 50L new shares to SPV, new CFO
Management Changes View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Under CIRP, the Monitoring Committee set Apr 29, 2026 as record date to extinguish all existing equity shares held by Promoters and Public Shareholders, per NCLT-approved Resolution Plan (July 31, 2025). Also approved: 50 lakh new equity shares (INR 5 Cr) to IFFAS Kshitij SPV LLP on private placement, INR 20 Cr loan from Kshitij Polyline, and appointed Mr. Mahendra Kumar Jain as CFO and Mr. Kuldeep Menaria as Company Secretary.
Likely market impact
Existing shareholders face total share cancellation on Apr 29, 2026. IFFAS Kshitij SPV LLP gains control. Existing equity holders are wiped out.