BSEKSS Ltd-$CriticalPositive
Announced Fri, 7 Aug · 17:29 IST

NCLT gives effect to KSS Limited resolution plan approved by NCLAT

Nclt Resolution ApprovedRegulatory & Legal View source PDFExplain this filing
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NCLT Mumbai passed consequential order on 5 Aug 2026 giving effect to NCLAT approval of resolution plan by Micro Capitals Pvt Ltd for KSS Ltd (in CIRP). Total settlement outlay Rs 3.01 crore against admitted claims of Rs 121.61 crore. Existing public shareholders will get 1 share for every 1,400 held, about 5% of post-CIRP capital. Micro Capitals will hold about 95% via 3 crore fresh shares. Moratorium ends. Trading was suspended since Nov 2020.

Likely market impact

Public shareholders face 1400:1 dilution, retaining only about 5%. Micro Capitals takes 95% control. Trading remains suspended since Nov 2020.