Eureka Industries Ltd — Important, 13-04-2026: Company Update

Eureka Industries' board has approved initiating a Pre-packaged Insolvency Resolution Process (PPIRP) for financial restructuring. This includes approving a Base Resolution Plan and proposing Mr. Bimal Ashok Desai as Resolution Professional, with directors authorized to secure creditor approvals and file with NCLT. The trading window remains closed until 48 hours after the financial results for the quarter and financial year ended March 31, 2026, are released. Leadership changes saw two directors resign, and Mr. Chaitanya Jayantilal Pandya was approved as MD and CFO, pending shareholder nod at a May 18 EGM. Board committees were also reconstituted.