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:

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:

Post-CIRP Board of Directors:

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:

Post-CIRP Shareholding Pattern:

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.

Jiya Eco-Products Limited has filed its Annual Report for the financial year 2024-25, providing stakeholders with comprehensive details about the company's current status under Corporate Insolvency Resolution Process (CIRP) and plans for corporate governance restructuring.

14th Annual General Meeting Scheduled

The company has announced its 14th Annual General Meeting to be held on Monday, December 15, 2025, at 11:00 A.M. The meeting will take place at Univastu India Limited, Bungalow No 36/B, Madhav Baug, Shivtirth Nagar, Kothrud, Pune-411038, Maharashtra, India.

Key Agenda Items

The AGM will address ten significant resolutions, including both ordinary and special business items:

Ordinary Business:

• Adoption of Audited Standalone Financial Statements for FY25
• Adoption of Audited Consolidated Financial Statements for FY25
• Re-appointment of Mrs. Rajashri Pradeep Khandagale (DIN: 02545231) as Director
• Appointment of M/s D R B S V and Associates, Chartered Accountants (FRN: 122260W) as Statutory Auditors

Special Business:

• Appointment of CS Satish Kolhe as Secretarial Auditor for five consecutive years (April 1, 2024 to March 31, 2029)
• Appointment of Mr. Pradeep Khandagale (DIN: 01124220) as Whole-Time Director and Key Managerial Personnel
• Appointment of three Independent Directors for five-year terms
• Alteration of Memorandum of Association regarding share capital consolidation

Corporate Insolvency Resolution Process Update

Jiya Eco-Products Limited has been operating under CIRP since April 24, 2023, following an application filed by financial creditor Raj Radhe Finance Limited. The company's operations were temporarily suspended on May 19, 2021, due to critical liquidity issues.

A significant development occurred when the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad, approved the resolution plan submitted by Mr. Pradeep Khandagale on December 11, 2024. This approval marked a crucial step toward the company's potential revival and restructuring.

Board Reconstitution and Leadership Changes

Following the NCLT order, substantial changes have been implemented in the company's leadership structure:

The reconstituted board brings diverse expertise spanning financial accounting, business management, taxation, and infrastructure development.

Financial Performance and Capital Structure

For the financial year 2024-25, the company reported:

• Total Income: ₹2.66 lakh (Previous Year: Nil)
• Loss Before Tax: ₹104.05 lakh (Previous Year: ₹114.82 lakh)
• Loss After Tax: ₹104.05 lakh (Previous Year: ₹114.82 lakh)

The company's authorized share capital stands at ₹32,00,00,000 comprising 3,20,00,000 equity shares of ₹10 each. A significant proposal involves consolidating these shares into 32,00,000 equity shares of ₹100 each, requiring shareholder approval.

Auditor Appointments and Compliance

The company has proposed appointing M/s D R B S V and Associates, Chartered Accountants, Pune, as statutory auditors for a five-year term from the 14th AGM until the 19th AGM in 2030-31. Additionally, CS Satish Kolhe has been proposed as Secretarial Auditor for five consecutive years.

E-Voting and Shareholder Participation

Shareholders can participate in remote e-voting from December 12, 2025, at 9:00 A.M. to December 14, 2025, at 5:00 P.M. The company has partnered with Bigshare Services Pvt. Ltd. to facilitate electronic voting through their i-Vote platform.

The company's journey through CIRP represents a critical phase in its corporate restructuring, with the approved resolution plan and reconstituted board positioning it for potential operational revival and compliance restoration.