Satra Properties (India) Limited has informed the exchange regarding the submission of newspaper cuttings in respect of delisting of its equity shares (w.e.f. Tuesday, March 24, 2026) in ....
Awaiting price reaction for this filing.
Satra Properties (India) Limited is being delisted from BSE effective Tuesday, March 24, 2026, following an NCLT-approved resolution plan under the Insolvency and Bankruptcy Code. The NCLT Mumbai Bench approved the plan on July 26, 2024 and dismissed a modification plea on March 26, 2025. Critically, the resolution plan provides no exit opportunity or payment to existing equity shareholders — the liquidation value for equity is NIL because the company's value is insufficient to cover financial creditors in full. The existing 17,83,58,000 equity shares (face value INR 2 each) will be cancelled without any payout, and 50,00,000 new shares of INR 2 each (INR 1 crore total) will be issued to the resolution applicants — MJ Shah Enterprise, MJ Shah Realtors LLP, and Centrio Lifespaces Limited. The public announcement was published in Business Standard (English & Hindi) and Mumbai Lakshdeep on March 19, 2026.
This is effectively a total loss for existing retail shareholders — their shares will be extinguished with zero compensation under the IBC process. After delisting, the company will become an unlisted entity wholly owned by the new resolution applicants. Holders should note there is no exit price and no offer being made; the delisting is happening by operation of law, not via the normal SEBI delisting route.