Outcome of Board Meeting held on 30th January, 2026
Awaiting price reaction for this filing.
The board of Datacipher Ltd (formerly J.R. Foods Limited) approved multiple share allotments arising from an NCLT-approved corporate restructuring, after earlier delays due to MCA processing issues. It approved allotment of 72,80,912 equity shares (face value ₹10) to the Successful Resolution Applicant group led by Mr. Amarandhar Reddy Kotha, pursuant to the NCLT order dated 24th July 2025. It also approved allotment of equity shares to the shareholders of Datacipher Solutions Private Limited in connection with the amalgamation of Datacipher Solutions with J.R. Foods Limited, again under the same NCLT order. Additionally, 70,00,000 equity shares were allotted to a Strategic Investor under the public category, and allotments to existing public shareholders post capital reduction were approved. The board also authorised the director to file name-change documents with BSE, CDSL, NSDL, and IT authorities. The total restructuring involves a capital increase of approximately ₹150 crore.
This marks the operational completion of a major NCLT-driven turnaround, combining a change of control, amalgamation with Datacipher Solutions, and a large fresh issue of shares — existing shareholders should expect meaningful dilution and a substantially reshaped shareholding pattern going forward.