JR Foods Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/01/2026 ,inter alia, to consider and approve 1. To approve allotment of Equity ....
Awaiting price reaction for this filing.
Datacipher Limited (formerly J.R. Foods Ltd) has called a Board Meeting on 30 January 2026 to consider several key items. The board will approve allotment of equity shares to Mr. Kotha Amarandhar Reddy and to the shareholders of Datacipher Solutions Private Limited, both pursuant to an NCLT Chennai Bench order dated 24 July 2025. Additionally, the board will consider allotting equity shares to strategic investors and will authorise name change filings with BSE, IT, GST and other departments. The company is also set to reconstitute its various board committees. This filing indicates the company is in the process of implementing a court-approved scheme and rebranding from J.R. Foods to Datacipher.
Shareholders should expect potential equity dilution from the share allotments to NCLT-approved recipients and strategic investors. The name change to Datacipher signals a shift in business focus, likely aligned with its IT/solutions arm, which may influence future stock sentiment.