Members of the Exchange are hereby informed about the Delisting of Equity shares of Sathavahana Ispat Limited w.e.f. July 01, 2025, pursuant to the Resolution Plan approved by Hon'ble National Company Law Tribunal (NCLT) Hyderabad, Bench - I under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016.
Awaiting price reaction for this filing.
Sathavahana Ispat Limited's equity shares will be delisted from the stock exchanges effective July 01, 2025. This follows the approval of a Resolution Plan by the NCLT Hyderabad Bench-I under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016. The delisting is a direct outcome of the company's corporate insolvency resolution process. Existing shareholders will no longer be able to trade these shares on the exchange after the effective date. The terms of exit or compensation for shareholders would be as stipulated in the approved Resolution Plan.
Shareholders will lose the ability to trade these shares on the NSE/BSE from July 1, 2025. Any recovery or exit is now governed by the terms of the NCLT-approved Resolution Plan, which may involve significant haircuts or restructuring of shareholdings.