Eastern Silk Industries Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting

Eastern Silk Industries Limited's Board of Directors met and approved key steps towards its Resolution Plan. The Board noted that full and final payments have been made to creditors, completing a crucial part of the NCLT-approved plan. Additionally, the Board decided to convert unsecured loans worth ₹29 Cr into equity at ₹2 per share. This strategic move aims to strengthen the company's balance sheet by reducing debt and converting it into shareholder equity, a positive signal for its recovery trajectory. The conversion can happen in full or in parts.