Date: July 18, 2026

Board Meeting Outcomes

  • Implementation of NCLT-approved Resolution Plan completed
  • Allotment of 1,117,000 fully paid equity shares to Plug & Play Retail and Distribution Private Limited (promoter category)
  • Share face value: Rs. 10 each
  • Total consideration: Rs. 5,585,000 (Rs. 5 per share balance payment)
  • Cancellation of pre-Resolution Plan capital comprising 9,129,577 equity shares

Capital Structure Changes

  • Previous allotment: 1,117,000 partly paid equity shares (Rs. 5 paid per share of Rs. 10 face value) made on December 26, 2022
  • Current action: Conversion to fully paid shares upon receipt of balance Rs. 5 per share
  • Complete payment of Rs. 5,585,000 received from Plug & Play Retail and Distribution Pvt. Ltd.

Resolution Plan Status

  • All payments under the Resolution Plan have been completed
  • Necessary forms for satisfaction of charges filed with the Ministry of Corporate Affairs
  • NCLT Ahmedabad Bench approved Resolution Plan fully implemented