We wish to inform you that pursuant to NCLT Oder Approving Resolution Plan, Monitoring Committee in its meeting held on December 03, 2025 has appointed new management and taken note of ....
Awaiting price reaction for this filing.
Dharti Proteins Ltd has emerged from the insolvency resolution process after the NCLT Ahmedabad Bench approved its Resolution Plan on November 18, 2025. A Monitoring Committee meeting on December 3, 2025 appointed a completely new management team, with Jatinbhai Patel (co-founder of listed Mishtann Foods Ltd) taking over as Managing Director and Chairman. The old board of four directors, including the previous Whole Time Director and CFO, have been deemed to have resigned by operation of law. A new 6-member board plus a Company Secretary and Compliance Officer is now in place, bringing in fresh expertise across agro-commodities, finance, and corporate governance.
This signals a fresh start for shareholders with new promoters taking control after the insolvency resolution, but investors should watch for further disclosures on the terms of the resolution plan, particularly any equity dilution, treatment of existing shares, and recovery of dues to creditors. A successfully implemented turnaround could revive the stock, though past insolvency episodes on BSE-listed smallcaps often come with significant shareholder value erosion.