AGM/EGM20 Apr 2026, 12:54 pm
Eureka Industries Ltd to hold EGM on May 18, 2026
AI Summary
Eureka Industries Ltd has announced an Extra Ordinary General Meeting (EGM) to be held on May 18, 2026, via Video Conferencing/Other Audio Visual Means. The primary agenda item is to consider and approve a Pre-packaged Insolvency Resolution Plan (PPIRP) under the Insolvency and Bankruptcy Code, 2016. This involves restructuring liabilities, settling claims, and reorganizing capital, with the potential for a capital reduction for existing shareholders and allotment of new shares. The company also seeks to regularize Mr. Chaitanya Jayantilal Pandya as an Executive Director.
Key Highlights
- EGM scheduled for May 18, 2026, via VC/OAVM.
- Key agenda: Approval of Pre-packaged Insolvency Resolution Plan (PPIRP).
- Plan includes liability restructuring and capital reorganization.
- Potential capital reduction and new share allotment for shareholders.
- Regularization of Mr. Chaitanya Jayantilal Pandya as Executive Director.