Eureka Industries Limited Calls EGM to Consider Pre-packaged Insolvency Resolution Plan

Eureka Industries Limited has convened an Extraordinary General Meeting scheduled for May 18, 2026, to seek shareholder approval for initiating a Pre-packaged Insolvency Resolution Process under Section 54A of the Insolvency and Bankruptcy Code, 2016. The company, which qualifies as a Micro, Small and Medium Enterprise, has prepared a Base Resolution Plan for restructuring liabilities, settling claims, and reorganizing share capital. The meeting will be conducted through Video Conferencing and Other Audio Visual Means, with remote e-voting available from May 15 to May 17, 2026. The record date for determining shareholder eligibility is May 11, 2026. In addition to the insolvency resolution proposal, the EGM will consider three other special business items. The company seeks to regularize Mr. Chaitanya Jayantilal Pandya (DIN: 10109798) as an Executive Director and appoint him as Managing Director for a five-year term effective April 13, 2026, with remuneration not exceeding Rs. 50,000 per month. Furthermore, the meeting will consider the regularization of Ms. Avani Ashwinkumar Shah (DIN: 09608898) as a Non-Executive Independent Director for a five-year term effective March 21, 2026. The Board has recommended all resolutions for approval.