New Launch31 Mar 2026, 05:10 pm
Asahi Industries Ltd: New Management Takeover by Safex Realtor Private Limited
AI Summary
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.
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.