Shivom Investment & Consultancy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/09/2025 ,inter alia, to consider and approve 1st Board Meeting ....
Awaiting price reaction for this filing.
Shivom Investment & Consultancy Ltd has called a Board Meeting on 15 September 2025 to implement the Resolution Plan approved by the NCLT Mumbai on 18 August 2025 under the Insolvency and Bankruptcy Code. The plan was submitted by Mr. Prashantbhai Ghanshyambhai Ukani and approved with 100% voting share of the Committee of Creditors. Unsecured financial creditors with admitted claims of Rs. 27.47 crore will receive around 25.76% of their dues through cash, Compulsorily Convertible Debentures, and 3 lakh equity shares. Operational creditors will receive only about 1.84% of their Rs. 1.35 crore admitted claims. The existing 6,99,51,325 equity shares will be fully cancelled and extinguished, and 60 lakh fresh shares will be issued to the new Resolution Applicant, making him the promoter. Existing public shareholders will receive just 2 shares for every 1,000 shares previously held.
Existing public shareholders will face almost total wipeout — their shareholding will be cancelled and replaced with a token 2-for-1000 ratio, leading to massive value destruction. The company is emerging from insolvency under new management, with significant dilution and a restructured capital base. The stock is likely to remain highly volatile and speculative post-restructuring.