Notice to shareholder for AGm
Awaiting price reaction for this filing.
Jiya Eco-Products has called its 14th AGM on Monday, 15th December 2025 at 11:00 AM in Pune to transact several key items. Ordinary business includes adoption of audited standalone and consolidated FY25 financial statements and re-appointment of Mrs. Rajashri Khandagale as non-executive director. A major special business item is the appointment of new statutory auditors M/s D R B S V and Associates (Pune) for a 5-year term, replacing the existing auditors. The notice also seeks approval to appoint Mr. Pradeep Khandagale as Whole-Time Director and Key Managerial Personnel for 5 years, along with three new Independent Directors (Mr. Nilesh Tiwari, Mr. Mehul Ranade, Mrs. Renuka Borole) for 5-year terms each. Most significantly, shareholders are being asked to approve a share consolidation — converting 3.20 crore equity shares of Rs 10 each into 32 lakh shares of Rs 100 each — pursuant to an NCLT Ahmedabad order dated 11 December 2024, indicating the company emerged from an insolvency resolution process. Book closure runs from 9–15 December 2025 with e-voting window from 12–14 December 2025.
The proposed 10:1 reverse share consolidation will reduce the number of outstanding shares by 90%, which typically lifts the per-share price proportionally but may reduce retail trading liquidity. The NCLT-driven capital restructuring, new auditor, and multiple new director appointments point to a governance reset following the company's insolvency resolution, which shareholders should view as a fresh operational chapter rather than a routine AGM.