To update the corporate information of the company, by removing the names of Mr G Ashok Kumar and P Ramamoorthy who have filed their resignations during the CIRP process.
Awaiting price reaction for this filing.
J.R. Foods Limited held a board meeting on 15th October 2025 via video conference. The board noted the implementation of an NCLT order, indicating the company is going through the Corporate Insolvency Resolution Process (CIRP). Mr. Bhamidipati Suryaprakash (DIN: 03030632), a Company Secretary with experience in company law, securities law, finance, ESG, FEMA and secretarial audits, was appointed as an Independent Director for a 5-year term. Additionally, the names of two individuals — G Ashokkumar and P Ramamoorthy — who had already filed resignations during the CIRP process are being removed from BSE corporate records, having already been removed from the MCA portal. The filing was signed by Rajesh Kumar Mallour, Director and CFO.
For shareholders, the continued CIRP process signals ongoing insolvency-related restructuring at the company, which is a material risk. The appointment of a new Independent Director adds fresh board oversight during this turbulent phase, and cleaning up records of resigned directors improves corporate database accuracy.