Intimation of Record date fixed on Friday, 4th July, 2025 for the purpose of cancellation and capital reduction as approved in Board Meeting held on 21st June, 2025.
Awaiting price reaction for this filing.
Jiya Eco-Products Ltd has fixed Friday, 4th July 2025 as the record date to cancel its entire existing paid-up equity share capital of 3,00,73,262 shares of Rs. 10 each (Rs. 30.07 crore) without any consideration to shareholders. This follows an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code, with the NCLT order dated 11th December 2024. The company had been under Corporate Insolvency Resolution Process (CIRP) since April 2023. After cancellation, the Board plans a 10:1 share consolidation (10 shares of Rs. 10 into 1 share of Rs. 100) and issuance of only 1,06,316 fresh shares (of which roughly 5,316 shares are reserved for eligible public shareholders to maintain the minimum 5% public shareholding). The total Resolution Plan cost is Rs. 4.91 crore, funded by Resolution Applicant Mr. Pradeep Kisan Khandagale.
Existing shareholders will see 100% of their shares extinguished on the record date with no payment, and the stock's ISIN will be deactivated/suspended. Only a tiny fraction of public shareholders (those on record) will get any allocation in the revived entity, meaning existing equity holdings are effectively wiped out. The share price on BSE is currently in suspended mode, and the company will emerge as a near-total promoter-controlled entity.