This is to inform the stakeholders that the Resolution Plan submitted by Shri Jatinbhai Ramanbhai Patel, the Successful Resolution Applicant (SRA) for Dharti Proteins Limited (the ''Corporate ....
Awaiting price reaction for this filing.
The NCLT Ahmedabad Bench approved the Resolution Plan for Dharti Proteins Limited on November 18, 2025 under Section 31 of the Insolvency and Bankruptcy Code. The plan submitted by Mr. Jatinbhai Ramanbhai Patel was earlier approved by the Committee of Creditors with 100% voting share on April 28, 2025. The resolution applicant will infuse Rs 750 lakhs into the company, including upfront cash and need-based working capital. The company's share capital will be radically restructured: existing 1,02,77,200 equity shares will be reduced to just 5,00,000 shares, with 97,77,200 shares cancelled. Post-resolution, the new promoter group will hold 85% stake while existing public shareholders will be left with just 15%. The company will continue to remain listed on BSE. All prior claims and liabilities against the company stand extinguished from the date of the order.
Existing public shareholders face severe dilution — from a 98.26% stake to just 15%, and roughly 95% of their existing shares will be cancelled. There is essentially a complete change of control, with the company getting a new promoter (known for co-founding Mishtann Foods Limited) and new management. While the stock will remain listed, existing shareholders' equity value is dramatically reduced, though the company's revival from insolvency may offer a long-term fresh start.