The New corporate office is mentioned in the out come
Awaiting price reaction for this filing.
J.R. Foods Limited (Scrip Code: 530915) held a board meeting on 18th August 2025 to implement an NCLT-approved resolution plan dated 24th July 2025. The company approved the merger of Datacipher Solutions Private Limited and will allot 72,80,912 fresh equity shares of ₹10 each to the successful resolution applicant, Mr. Amarandhar Reddy Kotha and others. As part of the restructuring, 100% of existing promoter shareholding will be cancelled, and public shareholders will see 9 out of every 10 shares cancelled — only 1 share retained without any cash compensation. Shareholders holding 9 or fewer shares will lose their entire holding. The record date for this reduction is fixed as 30th August 2025. Mr. Amarandhar Reddy Kotha has been appointed Managing Director for 5 years, with new CFO and Independent Director also appointed, while old directors have stepped down. A new corporate office was also opened in Hyderabad.
This is a drastic event for existing shareholders — public investors face a 90% destruction of their shareholding with no cash compensation, effectively wiping out most retail value. The company is undergoing a complete change of control via the NCLT insolvency route, with Datacipher Solutions taking over. Shareholders should verify their holdings against the 30th August record date and assess the implications of the new business direction under the incoming promoter.