Issuance of Sale Certificate to the successful bidder
Awaiting price reaction for this filing.
Euro Multivision Limited, which was admitted into liquidation by the NCLT Mumbai on October 6, 2023, has been sold as a going concern through an e-auction conducted on March 5, 2025. A consortium of Mr. Girish Jain and Mr. Chandra Prakash Ranka emerged as the highest bidder with a total consideration of ₹19.51 crore (including ₹1.08 lakh as 12% interest for delayed payment). The sale certificate was executed on April 18, 2025, transferring ownership, management, and control of the company to the new buyers on an 'as is where is' basis, with all liabilities excluded except those related to preferential, undervalued, fraudulent, or extortionate transactions. The sale was approved by the Stakeholder Consultation Committee, and the new owners are now in the process of taking over the company.
This marks the formal completion of the liquidation sale, with the new owners taking over the company. Existing shareholders are unlikely to recover any value as this is a liquidation event, not a revival. The stock may be delisted or suspended given the change in control and ongoing liquidation status.