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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Viksit Engineering Ltd has fixed 23rd May 2025 (Friday) as the record date for a major capital restructuring following its Corporate Insolvency Resolution Process (CIRP). The NCLT Mumbai approved a Resolution Plan submitted by Ruchika Chaturvedi and Kushal Chaturvedi on 11th February 2025. On the record date, the entire shareholding of erstwhile promoters will be cancelled and extinguished. Public shareholders' equity will be reduced and reconstituted to just 5% of the proposed paid-up capital. Only 12,500 equity shares of Rs. 10 each (totalling Rs. 1,25,000) will be issued to eligible shareholders under the approved plan.
This is highly dilutive for existing public shareholders, whose holdings are being slashed to a mere 5% of the proposed capital. The event reflects completion of an insolvency-driven restructuring, signalling a near-total wipeout of legacy equity value and emergence of new promoter control with minimal paid-up capital.