This has reference to our intimation dated 14.12.2024 regarding approval of resolution plan in the matter of Jiya Eco-Products Limited by NCLT vide order dated 11.12.2024. In furtherance ....
Awaiting price reaction for this filing.
Jiya Eco-Products Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP), has informed the stock exchange about a Monitoring Committee meeting scheduled for 9th April 2025. This follows the NCLT's approval of the company's resolution plan on 11th December 2024. The committee will discuss getting a No Objection Certificate from SBI after full disbursement of the resolution plan amount, appointment of new Directors and constitution of the Board, filing of a status report on plan implementation, and hiring a consultant for capital infusion and capital reduction procedures. The company is now in the implementation phase of its revival plan after emerging from insolvency proceedings, with active steps being taken to bring in fresh capital and reconstitute the board as per regulatory requirements.
Positive for shareholders — the company is moving from insolvency toward operational revival, with full disbursement of the resolution plan amount reportedly in progress. Successful implementation could lead to resumption of normal trading and a clean board, though share price volatility may continue until the revival is fully complete.