Submission of detailed company profile in line of erstwhile Information Memorandum.
Awaiting price reaction for this filing.
Jiya Eco-Products Ltd, an agriculture and bio-coal company incorporated in 2011, underwent Corporate Insolvency Resolution Process (CIRP) under IBC 2016. The company was admitted by NCLT Ahmedabad on 24.04.2023 following a petition by financial creditor Raj Radhe Finance Limited. Mr. Pradeep Khandagale was declared the Successful Resolution Applicant (SRA) with 100% CoC approval on 28.08.2024, and NCLT approved the resolution plan on 11.12.2024. The share capital was drastically restructured from 3.07 crore shares (face value ₹10) to just 1.06 lakh shares (face value ₹100). RPK Green Energy LLP now holds 95% stake, replacing the previous diverse promoter group which held 37.02%. Public shareholding collapsed from 62.98% to just 5%.
The company has emerged from insolvency with a new promoter holding 95% stake, signalling a complete change in control and ownership. The massive reduction in share count and face value indicates a capital restructuring. With 95% promoter holding and only 5% public float, this is effectively a near-complete promoter-owned entity post-restructuring.