Rolta India Limited — Important, 28-12-2024: General Updates

The Chairman of Rolta India Limited provided a positive update during the 34th Annual General Meeting. He highlighted the successful approval of the Resolution Plan by the Committee of Creditors, which has been submitted to the Hon’ble NCLT for adjudication. Once approved, the company will be debt-free, allowing the new Resolution Applicant to take over with a commitment to revitalize the organization.

The Chairman emphasized that corporate governance has been rigorously maintained throughout this crucial period, ensuring robust internal controls and reliable accounting practices. He expressed gratitude towards the Resolution Professional and her team, as well as the Executive Director, for their essential contributions. Acknowledgment was also extended to shareholders for their ongoing support, closing with best wishes for a prosperous New Year 2025. The company's future prospects appear optimistic with the potential for a comprehensive turnaround under new management.