NewsOrders & DealsRolta India Sets January 17, 2026 Record Date for Equity Delisting Under Resolution PlanRolta India Sets January 17, 2026 Record Date for Equity Delisting Under Resolution Plan
Rolta India has set January 17, 2026 as the record date for delisting its existing equity shares from BSE and NSE as part of implementing the NCLT-approved resolution plan by Ashdan Properties Private Limited. This follows recent board changes where three new non-executive directors were appointed while two existing directors ceased their positions on December 20, 2025.
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Rolta India Limited has announced January 17, 2026 as the record date for delisting its existing equity shares from both BSE Limited and the National Stock Exchange of India Limited. This development follows the company's ongoing restructuring process under the NCLT-approved resolution plan, which also included recent board changes with new director appointments.
Delisting Process Under Resolution Plan
The delisting of existing equity shares represents a crucial step in implementing the approved resolution plan submitted by Ashdan Properties Private Limited. The company has clarified that this delisting is being undertaken in accordance with Regulation 3(2)(b)(i) of the SEBI Delisting Regulations, 2021, and consequently, the standard provisions of the Delisting Regulations will not apply to this process.
| Delisting Details: | Information |
|---|---|
| Record Date: | January 17, 2026 |
| ISIN Code: | INE293A01013 |
| Stock Exchanges: | BSE Limited and NSE |
| Application Dates: | NSE - December 24, 2025; BSE - December 26, 2025 |
| Purpose: | Extinguishment of existing equity shares |
Recent Board Restructuring
Prior to the delisting announcement, Rolta India implemented significant board changes as part of its restructuring process. The company's Monitoring Committee approved the appointment of three new non-executive directors while noting the cessation of two existing directors on December 20, 2025.
| New Directors Appointed: | Details |
|---|---|
| Mr. Yuvraj Goenka: | DIN: 08273318, President-MD's Office (Projects) at Welspun World |
| Mr. Deepak Chauhan: | DIN: 01694550, Group Director, Legal and Ethics at Welspun World |
| Mr. Nagamallesh Gattu: | DIN: 06611510, Founding member of Ashdan Properties Private Limited |
| Term: | Until ensuing Annual General Meeting |
Resolution Plan Implementation Timeline
The delisting announcement marks the latest milestone in Rolta India's comprehensive restructuring journey under the corporate insolvency resolution process. The timeline demonstrates steady progress from initial plan approval to current implementation phase.
| Key Milestones: | Date |
|---|---|
| Original Resolution Plan: | April 22, 2024 |
| NCLT Oral Approval: | December 15, 2025 |
| Written Order Received: | December 18, 2025 |
| Board Changes Approved: | December 20, 2025 |
| Delisting Applications Filed: | December 24-26, 2025 |
| Record Date for Delisting: | January 17, 2026 |
Regulatory Compliance
The company has filed the delisting intimation under Regulation 42 of the SEBI LODR Regulations, 2015, maintaining its commitment to regulatory compliance throughout the resolution plan implementation. The disclosure was signed by Mr. Deepak Chauhan, one of the newly appointed directors, reflecting the transition in company leadership under the approved resolution plan.
