Members are hereby informed the CIN of the Company has been changed pursuant to cancellation of NBFC Certificate by RBI which was being held by the Company prior to initiation of CIRP Process.
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Awaiting price reaction for this filing.
The company has informed BSE that its Corporate Identification Number (CIN) has been changed to L16299KA1995PLC214634. This change follows the cancellation of its NBFC (Non-Banking Financial Company) certificate by the Reserve Bank of India. The NBFC license was held by the company prior to the initiation of the Corporate Insolvency Resolution Process (CIRP). The new CIN no longer reflects its former NBFC status. Shareholders have been asked to update their records accordingly.
This is a negative development for shareholders — the company has lost its NBFC license and is already under insolvency proceedings (CIRP), signalling serious financial distress. The stock is likely to face further pressure and remain a high-risk penny stock.