Omkar Speciality Chemicals outlines plan for capital reduction & MPS

Omkar Speciality Chemicals Ltd has detailed a broad step plan following its Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016. The plan involves several key actions: first, the entire share capital will be reduced to NIL as per the NCLT order dated July 31, 2025. Second, the company will issue fresh equity shares of face value ₹10 each to the Resolution Applicant (RA) after obtaining an enabling resolution and in-principle approval from stock exchanges. Post allotment, the RA will hold 100% of the company's paid-up capital. Finally, to comply with SEBI regulations, the company will undertake an Offer for Sale (OFS) of 5% of equity shares held by the promoter/promoter group through the stock exchange mechanism to achieve Minimum Public Shareholding (MPS).