Eastern Silk Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/07/2025 ,inter alia, to consider and approve 1. To discuss and take ....
EASTSILK · price
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Eastern Silk Industries has informed the exchanges that its Board of Directors will meet on Friday, 25 July 2025. The main items on the agenda relate to implementing the Resolution Plan approved by the NCLT in its order dated 31 January 2024. Specifically, the Board will take on record the payments being made to creditors under clause 2.6 of the Resolution Plan. It will also take on record the conversion of unsecured loans into equity shares under clause 2.13 of the same plan. The trading window for dealing in the company's shares has been closed from 22 July 2025 until 48 hours after the disclosure of financial results for the quarter ending 30 June 2025.
This is a key milestone for shareholders as the company moves forward with its post-NCLT Resolution Plan, including creditor payouts and dilution of equity through conversion of unsecured loans. The loan-to-equity conversion will increase the share count and may dilute existing shareholders' holdings. Investors should watch for the financial results announcement after 25 July 2025.