JR Foods Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/08/2025 ,inter alia, to consider and approve To take note of the Hon'ble NCLT, ....
Awaiting price reaction for this filing.
J.R. Foods Limited has called a Board Meeting on 18th August 2025 to implement an NCLT-approved Resolution Plan (order dated 24th July 2025). Key agenda items include fixing the record date for Reduction of Capital, cancellation of existing equity shares, and fresh allotment of shares to Mr. Kotha Amarandh Reddy. The Board will also approve a scheme of merger with Datacipher Solutions Private Limited and consider allotment of shares to Datacipher's shareholders. Additionally, the meeting will see complete board overhaul — cessation of existing Directors and KMPs, and appointment of new Managing Director, Independent Directors, and CFO. The company will also consider receiving unsecured loans from Directors or Promoters.
This signals a major corporate restructuring post-NCLT resolution, likely following insolvency proceedings. Existing shareholders face significant dilution through capital reduction and equity cancellation, while the merger with Datacipher Solutions will pivot the company's business direction entirely. The complete change in board and management indicates a takeover-like scenario where existing shareholders may see minimal residual value.