Description

Trading in equity shares of Rolta India Limited suspended following NCLT approval of resolution plan under IBC, which cancels all existing share capital and extinguishes shareholder rights.

Summary

BSE has suspended trading in equity shares of Rolta India Limited (Scrip Code: 500366) effective December 17, 2025, following approval of a resolution plan by the National Company Law Tribunal (NCLT) Mumbai Bench under the Insolvency and Bankruptcy Code, 2016. The approved resolution plan mandates complete cancellation of all existing issued, subscribed, and paid-up share capital, with all shareholder rights extinguished and written-off without any payment to existing shareholders.

Key Points

  • NCLT Mumbai Bench has approved resolution plan for Rolta India Limited under IBC 2016
  • All existing issued, subscribed and paid-up share capital will be completely cancelled
  • All rights of existing shareholders will be extinguished and written-off without any payment
  • Cancellation and extinguishment occurs simultaneously with issuance of new equity shares on Transfer Date
  • Trading suspension implemented to avoid market complications
  • Trading Members requested to take note of suspension

Regulatory Changes

No new regulatory changes introduced. This circular implements trading suspension pursuant to existing provisions under insolvency proceedings and NCLT order.

Compliance Requirements

  • Trading Members must cease all trading activities in Rolta India Limited securities (Scrip Code: 500366)
  • Trading Members must inform their clients about the trading suspension
  • No trading orders for this scrip should be accepted or executed

Important Dates

  • December 17, 2025: Trading suspension effective date
  • Transfer Date: Date when share cancellation and new equity issuance will occur simultaneously (specific date to be determined as per resolution plan)

Impact Assessment

Shareholder Impact: Existing shareholders face total loss of investment as all equity rights are extinguished without payment under the NCLT-approved resolution plan. This represents a complete write-off for current equity holders.

Market Impact: Trading suspension prevents any further secondary market transactions, protecting investors from purchasing shares that will be cancelled. The suspension eliminates market complications that could arise from trading securities with no residual value.

Operational Impact: Complete restructuring of capital structure under insolvency resolution, with new equity to be issued to resolution applicant(s) as per approved plan. Existing shareholders have no claim on new equity structure.

Impact Justification

Complete cancellation of existing equity and immediate trading suspension represents maximum impact event for shareholders, with all equity rights extinguished without payment under NCLT-approved insolvency resolution.