Eastern Silk Industries Limited — Board Meeting, 03-04-2025: Outcome of Board Meeting

Eastern Silk Industries Limited has announced a board meeting outcome focusing on the implementation of a Resolution Plan approved by the NCLT. Key decisions included the reduction and cancellation of the existing equity share capital of ₹15.79 crores to ₹1 crore without payout, alongside the issue of 50 lakh equity shares valued at ₹1 crore on a preferential basis to Baumann Dekor Private Limited and others, in line with the resolution plan. This restructuring results in new shareholders, effectively replacing the previous promoters. The total issued share capital will now consist of 50 lakh fully paid-up equity shares.