Restructuring & Appointments
Monitoring Committee approves share extinguishment, private placement, loan and CFO appointment
Monitoring Committee approved record date for extinguishment of existing shares (Apr 29, 2026), issuance of 5,000,000 equity shares to IFFAS Kshitij SPV LLP for INR 5 crore, sanction of loan up to INR 20 crore, treatment of earnest money as debt (₹21.90 crore) and appointments of Mr. Mahendra Kumar Jain as CFO and Mr. Kuldeep Menaria as Company Secretary.



