NCLT Mumbai approves Brookprop Management's scheme to transfer Rs 479.32 million from Employee Benefit Reserve to Retained Earnings.
Scheme involves no cash outflow or asset transfer, with appointed date set as 31 March 2025 for accounting purposes.
Meetings dispensed with as 100% shareholders and 91.39% unsecured creditors by value provided consent affidavits.
Company directed to serve notices to regulatory authorities including ROC, Income Tax, GST, and Central Government.