Euro Multivision Limited has informed the Exchange regarding Appointment of Mr Bhabesh Kum as Chief Finan of the company w.e.f. Jun 11, 2025.
Awaiting price reaction for this filing.
Euro Multivision Limited has been taken over by a Successful Bidder/Acquirer after being sold as a going concern under liquidation proceedings under the Insolvency and Bankruptcy Code, 2016, with the sale certificate dated April 18, 2025. As a result, an entirely new management team has been appointed effective June 11, 2025. Mr. Girish Jain has been named Managing Director for 3 years, while Mr. Chandra Prakash Ranka joins as Non-Executive Director. Two new Independent Directors — Mr. Nitin Khemnani and Ms. Meenal Kabra — have also been appointed for 5-year terms. Mr. Bhabesh Jain has been appointed as Chief Financial Officer. The letter is signed by CA Jigar Shah, the Liquidator, who notes that the handover process is still ongoing and further disclosures will follow.
This is a major corporate event for shareholders — the company's control has formally shifted to a new acquirer after liquidation, bringing in a completely fresh board and finance leadership. Shareholders should expect further updates on the new owner's business plans and watch for any follow-up announcements, as the handover is still in progress.