Sanco Industries Limited has informed the Exchange that Record date for the purpose of Fixation of Record date for issue and allotment of Shares pursuant to approved resolution plan. is 05-Jun-2026.
Awaiting price reaction for this filing.
Sanco Industries Limited has fixed June 5, 2026 as the Record Date for issuance and allotment of equity shares to stakeholders. This allotment is pursuant to a Resolution Plan approved by NCLT New Delhi on December 18, 2025. The company underwent Corporate Insolvency Resolution Process (CIRP) starting September 2022, with the resolution plan submitted by Ms. Priti Jain approved with 100% voting share. Sanco Industries Limited (Transferor Company) has been amalgamated with Sanco Industries Limited (formerly Carewell Exim Private Limited) as Transferee Company. The company has also converted from private to public limited company and received fresh Certificate of Incorporation dated May 14, 2026.
This announcement relates to share allotment under an insolvency resolution plan rather than typical shareholder returns. Existing shareholders should note that new shares are being issued to stakeholders as part of the restructuring, which may dilute existing shareholding.