The Company has received the approval for Listing of 1,05,26,315 Equity Shares of Rs. 10/- each Pursuant to Resolution Plan Approved by Hon''ble NCLT, New Delhi Bench vide order dated October ....
Awaiting price reaction for this filing.
RCI Industries & Technologies Limited has received approval from BSE to list 1,05,26,315 equity shares of Rs. 10 each. These shares were allotted under a Resolution Plan approved by the NCLT, New Delhi Bench on October 9, 2025, following the company's rehabilitation from the Corporate Insolvency Resolution Process (CIRP). Of the total, 5,26,315 shares were allotted pursuant to capital reduction, while 1,00,00,000 shares were issued to the Successful Resolution Applicant (SRA) on a preferential basis. The company is now executing corporate actions with NSDL and CDSL and will soon apply for trading approval. The letterhead confirms the company was 'Rehabilitated from Corporate Insolvency Resolution Process.'
This is a significant milestone for shareholders as it marks the formal listing of shares issued under the IBC resolution plan, paving the way for trading to commence. Existing shareholders may see their holdings adjusted due to capital reduction, and a new promoter/Resolution Applicant (SRA) has effectively taken control of the company post-insolvency resolution.