Omkar Speciality Chemicals Limited has informed the Exchange that Record date for the purpose of extinguishment/cancellation of paid-up share capital held by the existing Promoters and Public Shareholders is 29-Apr-2026.
Awaiting price reaction for this filing.
Omkar Speciality Chemicals Limited, admitted into Corporate Insolvency Resolution Process (CIRP) in December 2022, has fixed April 29, 2026 as the record date for extinguishing and cancelling all equity shares held by existing Promoters/their group and all Public Shareholders. This action follows the NCLT Mumbai's order dated July 31, 2025 approving the Resolution Plan. The Monitoring Committee (formerly the Resolution Professional) approved this step on April 15, 2026. All existing shareholders will lose their equity holdings as part of the approved insolvency resolution plan implementation.
Existing shareholders — both Promoter group and Public — will have their shares fully extinguished and lose their equity stake in the company. The stock is likely to be suspended or delisted following this cancellation.