The outcome of the meeting of Board of Directors held on Friday, February 20, 2026 has been attached herewith.
Awaiting price reaction for this filing.
Dharti Proteins Ltd's Board approved a major restructuring under its approved Resolution Plan. The entire shareholding of the erstwhile promoters and promoter group has been cancelled and extinguished. Existing public shareholders' holdings have been reduced drastically — they will together hold only 25,000 equity shares (5% of the restructured capital) at face value of Rs. 10 each, totalling Rs. 2.5 lakh. The Board then approved a fresh allotment of 4,75,000 equity shares of Rs. 10 each: 4,25,000 shares to a new promoter/promoter group and 50,000 shares to secured financial creditor Goenka Business & Finance Ltd, on top of the upfront cash component. The company has effectively undergone a near-total wipeout of its old equity followed by a small fresh issuance, indicating it was operating under a restructuring/insolvency resolution process.
Existing public shareholders face an extreme reduction in their stake — their old holdings have been cancelled and replaced with just 25,000 shares collectively (5% of post-restructured capital), meaning the per-share value becomes critical. The new promoters and a financial creditor will own 95% of the company. For shareholders, this is a deeply dilutive restructuring event typical of a corporate insolvency resolution, and post-listing share price discovery will be sharp.