Eureka Industries Ltd

📅 Eureka Industries Ltd. Announces Key EGM on May 18, 2026

- Extraordinary General Meeting (EGM) scheduled for May 18, 2026, at 12:30 PM IST via video conferencing.

- Approval sought for a Pre-packaged Insolvency Resolution Process (PPIRP) under Section 54A of the Insolvency and Bankruptcy Code, 2016.

- Base Resolution Plan includes restructuring liabilities, settling claims of unsecured financial creditors, operational creditors, employees, and statutory dues, plus reorganizing share capital.

- Proposed appointment of Mr. Bimal Ashok Desai as Resolution Professional for the PPIRP.

- Mr. Chaitanya Jayantilal Pandya proposed as Executive Director and Managing Director for 5 years with a maximum remuneration of Rs. 50,000 per month.

- Ms. Avani Ashwinkumar Shah proposed for regularization as a Non-Executive Independent Director for 5 years.

- E-voting available from May 15 to May 17, 2026, and during the meeting for eligible shareholders.

- Company is registered as a Micro, Small, and Medium Enterprise (MSME) and qualifies for the PPIRP under the IBC.