The Board Meeting to be held on 20/06/2025 has been revised to 21/06/2025 The Board Meeting to be held on 20/06/2025 has been revised to 21/06/2025. To consider the cancellation and capital ....
Awaiting price reaction for this filing.
Jiya Eco-Products has postponed its Board meeting by one day, from June 20, 2025 to June 21, 2025, citing unavoidable circumstances. The Board will consider the cancellation and capital reduction of the company's entire existing equity share capital, which consists of 3,00,73,262 equity shares of Rs. 10 each, totalling about Rs. 30.07 crore in paid-up capital. This action is being taken pursuant to the Resolution Plan approved by the NCLT (National Company Law Tribunal) via its order dated December 11, 2024. The Board will also fix a record date for this cancellation and authorise the full extinguishment and deactivation of the company's ISIN.
This is a major negative event for existing shareholders — the NCLT-approved Resolution Plan involves completely cancelling current equity shares, meaning existing investors are likely to lose their holdings. The deactivation of the ISIN suggests existing shares will be wiped out, typically to make way for fresh issuance to new investors under the resolution plan.