This is to inform that pursuant to the approved resolution plan by NCLT, Management of the company has been handed over to Safex Realtor Private Limited effective March 24, 2026. The revised ....
Awaiting price reaction for this filing.
Asahi Industries has formally handed over management and control to Safex Realtor Private Limited (SRA) effective March 24, 2026, following the resolution plan approved by the NCLT Mumbai Bench. As a result, the Resolution Professional's powers have ceased and a new Board of Directors is being constituted by Safex. The revised shareholding pattern now stands at 75% held by Safex Realtor and 25% held by public shareholders. The company is in the process of completing remaining filings with the Registrar of Companies as mandated by the resolution plan.
This marks the successful exit from the Corporate Insolvency Resolution Process (CIRP) and a complete change in control, with existing promoters/receivers replaced by a new majority owner. For existing public shareholders, their stake is now diluted to 25% with limited say in board decisions, and the future direction of the company will be driven entirely by the new promoter, Safex Realtor Private Limited.