Rathi Graphic Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/04/2025 ,inter alia, to consider and approve The meeting of Board ....
Awaiting price reaction for this filing.
Rathi Graphic Technologies has called a board meeting on April 24, 2025, to consider two key actions tied to a Resolution Plan approved by the NCLT (National Company Law Tribunal) in July 2023. First, the company plans to reduce or cancel its existing equity share capital as on the record date of March 21, 2025. Second, it proposes to issue and allot fresh equity shares on a preferential basis, likely to creditors or new investors as part of the resolution plan. The trading window for dealing in company securities has been closed since April 1, 2025. This filing suggests the company is going through a corporate insolvency resolution process (CIRP) and implementing the restructuring plan approved by the tribunal.
This is a major restructuring event that will significantly impact existing shareholders. Cancellation of existing equity followed by fresh preferential issuance will likely wipe out or heavily dilute current shareholders, with equity value transferring to creditors or new investors as part of the resolution plan. Shareholders should expect substantial value erosion and closely monitor the record date and allotment terms.