Description

NSE announces resumption of trading in Eastern Silk Industries Limited equity shares following NCLT-approved resolution plan and capital reduction effective August 18, 2025.

Summary

NSE announces the recommencement of trading in equity shares of Eastern Silk Industries Limited (EASTSILK) effective August 18, 2025, following capital reduction pursuant to a Resolution Plan approved by Hon’ble NCLT on January 31, 2024. The company has undergone restructuring with new equity shares of Rs. 2/- each being admitted to trading.

Key Points

  • Trading resumes on August 18, 2025 in Series ‘BE’ under Trade-for-Trade segment
  • Post capital reduction, face value and paid-up value is Rs. 2/- per share
  • Total 50,00,000 equity shares allotted to Resolution Applicant on preferential basis
  • Resolution Applicant diluted 2,50,000 shares through OFS to meet MPS requirements
  • Net result: 47,50,000 fully paid-up equity shares available
  • ISIN: INE962C01035
  • Market lot: 1 share
  • Securities will participate in pre-open session

Regulatory Changes

  • Capital structure revised from previous denomination to Rs. 2/- per share
  • New ISIN assigned post-restructuring
  • Compliance with Rule 19A(5) of Securities Contracts (Regulations) Rules, 1957
  • Adherence to SEBI Master Circular requirements for MPS

Compliance Requirements

  • Members must note the new security codes and trading parameters
  • Trading restricted to Trade-for-Trade segment as per Exchange notice NSE/SURV/55582 dated February 10, 2023
  • Shares issued in dematerialized mode under temporary ISIN initially

Important Dates

  • NCLT approval: January 31, 2024
  • Trading commencement: August 18, 2025
  • Circular effective date: August 18, 2025
  • Financial year: April 01 - March 31

Impact Assessment

Moderate impact on existing shareholders of Eastern Silk Industries Limited due to capital reduction and restructuring. The Trade-for-Trade classification indicates continued regulatory scrutiny. New investors should note the company’s restructuring background and current trading restrictions. The resolution plan implementation suggests potential business revival but requires careful monitoring.

Impact Justification

Trading resumption of a specific stock post-restructuring affects shareholders but has limited broader market impact