Asahi Industries Ltd: New Management Takeover by Safex Realtor Private Limited

Key Highlights

• Asahi Industries Ltd has handed over its management to Safex Realtor Private Limited (SRA) as per the approved resolution plan by NCLT.
• The handover took place on March 24, 2026, and the RP's powers have ceased.
• The revised shareholding pattern stands as SRA: 75%, Public Shareholders: 25%.
• The existing Board of Directors has been vacated and a new Board is being constituted by the SRA.
• The Company is implementing other steps mandated by the Resolution Plan.