Euro Multivision Limited has informed the Exchange regarding Appointment of Ms Meenal Kabra as Non- Execut of the company w.e.f. Jun 11, 2025.
Awaiting price reaction for this filing.
Euro Multivision Limited is undergoing a complete change in management as the company is handed over to a Successful Bidder/Acquirer under liquidation proceedings of the Insolvency and Bankruptcy Code, 2016, following a sale certificate dated April 18, 2025. Effective June 11, 2025, five new members have been appointed: Mr. Girish Jain as Managing Director for 3 years, Mr. Chandra Prakash Ranka as Non-Executive Director, Mr. Nitin Khemnani and Ms. Meenal Kabra as Non-Executive Independent Directors for 5 years each, and Mr. Bhabesh Jain as Chief Financial Officer. The new directors bring experience in manufacturing, steel, finance, chartered accountancy, and trading. The handover process is still in progress, with further disclosures expected in due course.
This signals a major turning point for the company as it transitions out of liquidation under new ownership. Existing shareholders should expect significant changes in business direction under the new management, and the stock may see volatility as the market digests the takeover and awaits further details on the acquirer's revival plans.