Jaiprakash Associates Ltd: NCLT Approves Adani Enterprises' Resolution Plan, Securities to be Delisted with Zero Consideration for Shareholders

Jaiprakash Associates Ltd has announced that the Hon’ble NCLT has approved the resolution plan submitted by Adani Enterprises Limited for the corporate insolvency resolution process of the company. As part of the approved resolution plan, the securities of the Corporate Debtor will stand delisted from the relevant stock exchanges with zero consideration for the shareholders. The resolution plan was approved on March 17, 2026, and all necessary actions to effect the delisting will be undertaken immediately. The pre-CIRP issued share capital of the Corporate Debtor will be cancelled and extinguished on the Effective Date.