synopsis of the Corporate Action are attached herewith
Awaiting price reaction for this filing.
Shivom Investment & Consultancy Ltd has implemented a corporate action following NCLT Mumbai Bench IV's approval of its Resolution Plan on 18th August 2025 under the Insolvency and Bankruptcy Code. The company's entire pre-existing equity share capital of 6,99,51,325 shares (₹69.95 crore) was cancelled and extinguished. Existing public shareholders received just 2 new equity shares for every 1,000 previously held, resulting in only 1,39,903 shares remaining with them. The successful Resolution Applicant, Mr. Prashantbhai Ghanshyambhai Ukani, was allotted 60,00,000 fresh shares and became the new promoter with 93.17% stake. Unsecured financial creditors received 3,00,000 shares (4.66%). The revised paid-up capital stands at 64,39,903 shares (₹6.44 crore), effective 3rd October 2025.
This is highly negative for existing public shareholders — they lost approximately 99.8% of their shareholding in value terms. The company has effectively undergone a complete change of control to the new resolution applicant. Retail investors holding this stock should expect significant losses; the stock may see sharp repricing reflecting the new capital structure.