Richa Industries Ltd — Important, 31-10-2025: Company Update

Richa Industries Limited has issued a Letter of Intent (LOI) to Sh. Narendra Kumar Srivastava, representing a consortium, for the acquisition of the company's entire assets as a going concern. This LOI follows an auction process conducted during the company's liquidation, which received approval from the Stakeholders Consultation Committee after a thorough evaluation of various interested parties. This development signifies a crucial step towards the potential resolution of the company's liquidation process, outlining a clear path forward for its assets and operations. Further updates on this matter will be communicated as the process progresses.