Shri Krishna Prasadam Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/06/2025 ,inter alia, to consider and approve Implementation of the ....
Awaiting price reaction for this filing.
The Board of Directors of Shri Krishna Prasadam Limited is scheduled to meet on June 5, 2025, at 1:00 PM at the registered office in New Delhi. The key agenda is to consider and approve the implementation of a Resolution Plan that was approved by the National Company Law Tribunal (NCLT), New Delhi Bench, under the Insolvency and Bankruptcy Code (IBC), 2016. The resolution plan stems from an NCLT order dated July 14, 2023, and the Board has already been reconstituted in line with the approved plan. The company is now moving from the resolution approval phase to actual execution of the revival plan.
For shareholders, this is a significant turnaround milestone — the company is exiting the NCLT insolvency process and moving toward operational revival, which could lead to restructuring of equity, debt, and possibly changes in shareholding pattern once the plan is implemented.