Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with applicable SEBI circulars, we hereby ....
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Awaiting price reaction for this filing.
Viksit Engineering's board, at its meeting on 27 March 2026, approved the allotment of 2,37,500 fully paid-up equity shares of INR 10 face value each, aggregating to INR 23.75 lakh, on a preferential basis to prospective promoters. The shares were allotted in line with an NCLT order dated 11 February 2025. Allottees include Kushal Chaturvedi (2,35,000 shares, 94% post-allotment stake) and Ruchika Chaturvedi (2,500 shares, 1%), taking the new promoter group's total holding to 95%. The allotment price appears to be at face value, and the filing was made under SEBI Listing Regulations and the ICDR Regulations.
This marks a near-complete change in promoter identity of the company, with the new promoter group now holding 95% post-allotment. Existing minority shareholders will see their equity diluted significantly. Investors should monitor for any further corporate actions, board reconstitution, or revival plans from the new promoters.