Key Quantitative Figures
The company has received approval for listing of 43,83,316 equity shares of ₹10 each, with the following breakdown:
- 2,33,316 equity shares allotted pursuant to reduction of capital through approved resolution plan
- 41,50,000 equity shares allotted to the Successful Resolution Applicant on preferential basis pursuant to the Resolution Plan
Dates of Action and Approval
The Listing Approval Letter from BSE Limited bears reference DCS/AMAL/BW/IBC/181/2026-27 dated July 30, 2026. The approval is based on the Resolution Plan approved by:
- Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench vide order dated March 21, 2023
- Hon'ble National Company Law Appellate Tribunal (NCLAT), New Delhi Bench vide orders dated July 15, 2025 and May 04, 2026
Next Steps and Required Formalities
The equity shares will be admitted to dealings on BSE upon completion of requisite formalities. The company must submit the following documents while seeking trading permission:
- Scanned copy of covering letter
- Listing approval from National Stock Exchange (if applicable)
- ISIN activation letters from depositories
- Auditor's certificate for determining Book Value per share considering latest audited financials
- Confirmation letters from CDSL and/or NSDL about crediting shares to beneficiaries' accounts
- Lock-in confirmation from depositories as per SEBI (ICDR) Regulations, 2018
- Latest Shareholding Pattern in PDF and XBRL format (pre-arrangement and post-arrangement)
- Old and new distinctive numbers
- Details of payment of outstanding dues (if any)
- Details of payment of SOP fines (if any)
Distinctive Number Ranges
The equity shares have been allotted with distinctive numbers:
- 001-233316 for shares allotted pursuant to capital reduction
- 233317-4383316 for shares allotted to Successful Resolution Applicant