Euro Multivision Limited has informed the Exchange regarding Appointment of Mr Chandra Prakash Ranka as Non- Execut of the company w.e.f. Jun 11, 2025.
Awaiting price reaction for this filing.
Euro Multivision Limited, currently under liquidation under the Insolvency and Bankruptcy Code 2016, is being taken over by a Successful Bidder/Acquirer following a sale certificate dated April 18, 2025. As a result, a completely new management team is being appointed effective June 11, 2025. The new lineup includes 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 intimation was signed by CA Jigar Shah, the Liquidator, and the company noted the handover process is still ongoing, with further disclosures to follow.
This is a full change of control event — the old management is being replaced by the acquirer's nominees, signalling a fresh strategic direction for the company. Shareholders should expect the new management to reshape operations, and further disclosures on the takeover are still pending.