Board approved initiation of Prepackaged Insolvency Resolution Process (PPIRP) under IBC Chapter III-A.
Approved Base Resolution Plan and proposed Mr. Bimal Ashok Desai as Resolution Professional.
Ms. Mamta resigned as MD & CFO and Ms. Madhu Devi resigned as Independent Director effective April 13, 2026.
Appointed Mr. Chaitanya Jayantilal Pandya as new MD & CFO and scheduled EGM for May 18, 2026.