Jiya Eco-Products Limited has filed its Information Memorandum with BSE Limited on 13th May, 2026, in accordance with Regulation 35 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, signed by Company Secretary and Compliance Officer Mayura Tagare (Membership No: A70538), provides a detailed company profile covering the firm's business activities, insolvency proceedings, board composition, promoter details, and shareholding pattern both before and after the Corporate Insolvency Resolution Process (CIRP).
Company Background and Business Activities
Jiya Eco-Products Limited is a Public Limited Indian Non-Government Company incorporated on 27.12.2011, bearing Corporate Identification Number L01111GJ2011PLC068414. As per its Memorandum of Association, the company is engaged in farming, agriculture, and horticulture, with activities spanning the growing, production, manufacturing, processing, refining, extraction, buying, selling, and marketing of agricultural, horticultural, dairy, poultry, and farm produce. Its product scope includes food grains, cereals, seeds, soyabeans, corn, corn oils, cash crops, plants, flowers, vegetables, edible oils, meat, fish, eggs, animal and human foods, and food products. The company also produces and develops value-added products such as bio-coal from biomass and waste of the above products.
Corporate Insolvency Resolution Process
The CIRP against the company was initiated following an application filed by Financial Creditor Raj Radhe Finance Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The NCLT, Ahmedabad admitted the company under CIRP on 24.04.2023, appointing Mr. Keyur J Shah as Interim Resolution Professional. Mr. Prawin Charan Dwary was subsequently confirmed as the Resolution Professional vide NCLT order dated 17.07.2023.
Key milestones in the CIRP process are summarised below:
| Event: |
Details |
| CIRP Admission Date: |
24.04.2023 |
| Interim Resolution Professional: |
Mr. Keyur J Shah |
| Resolution Professional Confirmed: |
Mr. Prawin Charan Dwary (Order dated 17.07.2023) |
| RFRP Issued: |
24.07.2023 |
| Resolution Plan Submitted: |
12.09.2023 (Mr. Pradeep Khandagale) |
| Successful Resolution Applicant Declared: |
28.08.2024 (100% CoC vote) |
| Resolution Plan Approved by NCLT: |
11.12.2024 |
Mr. Pradeep Khandagale was declared the Successful Resolution Applicant (SRA) with 100% vote of the members of the Committee of Creditors (CoC) at their meeting held on 28.08.2024. The NCLT, Ahmedabad Bench approved the resolution plan vide order dated 11.12.2024. The company is currently in the process of implementing the approved resolution plan.
Board of Directors: Pre and Post CIRP
The company's board composition changed significantly following the CIRP. The pre-CIRP and post-CIRP boards are detailed below.
Pre-CIRP Board of Directors:
| Name: |
Designation |
DIN |
| Mr. Yogeshkumar Chimanlal Patel |
Managing Director |
05147701 |
| Ms. Hetalben Bhaveshbhai Kakadiya |
Non-Executive Director |
07073147 |
| Mr. Nimish Hemantkumar Jani |
Non-Executive – Independent Director |
07074047 |
| Mr. Tushar Hasmukhrai Patel |
Non-Executive – Independent Director |
07180750 |
| Mr. Bhavesh Jivrajhai Kakadiya |
Managing Director |
05147695 |
Post-CIRP Board of Directors:
| Name: |
Designation |
DIN |
| Mr. Pradeep Kisan Khandagale |
Whole Time Director |
01124220 |
| Mr. Nilesh Mahesh Tiwari |
Non-Executive – Independent Director |
10488420 |
| Mr. Mehul Hari Ranade |
Non-Executive – Independent Director |
08949206 |
| Mrs. Renuka Saurabh Borole |
Non-Executive – Independent Director |
10735899 |
| Mrs. Rajashri Pradeep Khandagale |
Non-Executive – Non-Independent Director |
02545231 |
Shareholding Pattern: Pre and Post CIRP
The company's shareholding structure underwent a substantial transformation following the resolution. Under the pre-CIRP structure, the promoter and promoter group collectively held 1,11,32,257 shares at a face value of ₹10, representing 37.02% of the total, while the public held 1,89,41,005 shares (62.98%), bringing the total amount to ₹30,07,32,620.
Post-CIRP, RPK Green Energy LLP emerged as the sole promoter, holding 1,01,000 shares at a face value of ₹100, representing 95% of the restructured share capital. The public shareholding stands at 5,314 shares (5%), with a total post-CIRP share capital amount of ₹1,06,31,400.
Pre-CIRP Shareholding Pattern:
| Particular: |
Number of Shares |
Face Value |
Total Amount |
% Shareholding |
| Promoter & Promoter Group |
1,11,32,257 |
10 |
11,13,22,570 |
37.02% |
| Public |
1,89,41,005 |
10 |
18,94,10,050 |
62.98% |
| Total |
|
|
30,07,32,620 |
100% |
Post-CIRP Shareholding Pattern:
| Particular: |
Number of Shares |
Face Value |
Total Amount |
% Shareholding |
| Promoter & Promoter Group (RPK Green Energy LLP) |
1,01,000 |
100 |
1,01,00,000 |
95% |
| Public |
5,314 |
100 |
5,31,400 |
5% |
| Total |
|
|
1,06,31,400 |
100% |
The Information Memorandum reflects the company's transition from insolvency proceedings to the implementation phase of its approved resolution plan, with a reconstituted board and a significantly restructured shareholding pattern under the new promoter entity.
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