Euro Multivision Limited has informed the Exchange regarding Appointment of Mr Nitin Khemnani as Non- Execut of the company w.e.f. Jun 11, 2025.
Awaiting price reaction for this filing.
Euro Multivision Limited is getting a completely new management team following its sale as a going concern under the Insolvency and Bankruptcy Code. A sale certificate was issued on April 18, 2025, and the successful bidder is now taking control. Effective June 11, 2025, five new directors and KMPs have been appointed: Mr. Girish Jain as Managing Director (3-year term), Mr. Chandra Prakash Ranka as Non-Executive Director, Mr. Nitin Khemnani and Ms. Meenal Kabra as Non-Executive Independent Directors (5-year terms each), and Mr. Bhabesh Jain as Chief Financial Officer. The liquidator CA Jigar Shah has signed off on the transition. The company notes the handover process is still ongoing, with further disclosures to follow.
This is a major corporate event — the company effectively starts a new chapter under new owners after exiting liquidation. Shareholders should watch for further updates on the acquirer's plans, as the new management will likely reshape the business direction. Stock price could see sharp moves once the acquirer's strategy is disclosed.