Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that, the Board of Directors, vide its resolution dated May 12th ....
Awaiting price reaction for this filing.
Jiya Eco-Products has reconstituted its entire board with effect from May 12, 2025, following the implementation of an approved Resolution Plan. Five existing directors — Yogeshkumar Patel, Hetalben Kakadiya, Nimish Jani, Tushar Patel and Bhavesh Kakadiya — have ceased to be on the board. In their place, two new Additional Directors (Non-Executive, Independent) have been appointed: Mr. Mehul Hari Ranade (Chartered Accountant with 18+ years of experience) and Ms. Renuka Saurabh Borole (Chartered Accountant with expertise in taxation and audit). Both new directors will hold office for 5 years, subject to shareholder approval at the next general meeting. The reference to a 'Resolution Plan' strongly suggests the company has gone through a corporate insolvency or debt restructuring process, with the new board appointed under that plan.
Shareholders should note that the entire board has changed hands as part of a Resolution Plan implementation, which is unusual and may signal past financial distress or a restructuring event. The new board brings finance and audit expertise, which could help strengthen governance going forward, but investors should look for further disclosures on the underlying Resolution Plan and its terms.