RCI Industries & Technologies Ltd — Updates, 20-05-2025: Company Update

RCI Industries and Technologies Limited has announced a board meeting to consider the financial results for the quarter and half-year. The promoters, led by Rajeev Gupta and Mamta Gupta, confirmed no new encumbrances on shares beyond previously disclosed ones. The company continues to undergo Corporate Insolvency Resolution Process since late 2022, while personal insolvency proceedings are ongoing for the two promoters since mid-2024. As of March 31, 2024, the promoter group holds 63.96% of the equity shares, reflecting stable majority control despite the financial distress. This keeps shareholders informed about ownership concentration amid restructuring.