Committee Meeting Updates

Shri Ram Switchgears has announced major capital restructuring under an NCLT-approved resolution plan, involving the cancellation of 60,87,585 existing promoter equity shares and the reduction of public shareholding from 39,22,980 shares down to 25,000 shares.

Alaknanda Consultancy Private Limited will infuse 0.47 Cr to acquire 4,75,000 new equity shares, representing a 95% controlling stake, and will be reclassified as the new promoter.

Additionally, the company has approved the financial results for the quarter and half-year with an unmodified opinion and appointed four new directors: Anjul Choudhary, Anurag Surana, Manoj Dube, and Alheena Khan.