NCLT approves resolution plan for Rolta India; existing equity shareholders get zero

NCLT Mumbai approved the resolution plan for Rolta India submitted by Ashdan Properties on December 15, 2025. Total plan amount is Rs 900 crore against admitted financial debt of about Rs 13,786 crore. All existing shares will be fully cancelled with no payment to current shareholders. Ashdan, through Elitekey Properties, will hold 100 percent post implementation. Company will be delisted from BSE and NSE and converted from public to private limited.