SR Industries Limited, which has successfully emerged from the Corporate Insolvency Resolution Process (CIRP), has taken significant steps towards financial restructuring and business expansion. At the Board Meeting held on February 4, 2025, the company announced key decisions that will shape its future.

Share Capital Restructuring as per NCLT Order

Following an order from the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench, dated July 1, 2024, SR Industries Limited has approved a restructuring of its shareholding pattern. The issued, subscribed, and paid-up share capital has been adjusted to align with the NCLT's directives.

• 95% of the equity shares are allocated to new promoters.

• Public shareholders will now hold 5% of the company’s equity.

• Each 100 shares held by public investors have been converted into 5 shares.

• Previous promoter equity shares amounting to 38,39,265 (19.51%) have been canceled and extinguished.

• Public shareholders who held 1,58,34,235 equity shares (80.49%) have received a proportionate reallocation.

Post-restructuring, SR Industries Limited has become a subsidiary of Bazel International Limited (BSE Listed Company), strengthening its market position and investor confidence.

Allotment of 1,96,73,500 Equity Shares

As part of the restructuring, the company has approved the allotment of 1,96,73,500 equity shares to new promoters and public shareholders in compliance with the IBC, 2016 and NCLT directives. The shareholding structure now stands as follows:

New Shareholding Pattern:

• Bazel International Limited - 50.10%

• Sam Realtown Private Limited - 10.00%

• AMS Infrastructure Private Limited - 9.00%

• Masatya Technologies Private Limited - 17.90%

• Mr. Kapil Garg - 3.00%

• Expertpro Realty Private Limited - 5.00%

• Public Holding - 5.00%

Launch of Pacalop – A Bold Flip-Flop Brand

In a strategic move to diversify its business portfolio, SR Industries Limited has announced the launch of its new footwear brand, Pacalop.

Pacalop is designed for modern youth who value individuality, practicality, and style. The brand aims to provide stylish, durable, and functional flip-flops that encourage self-expression and confidence. With a focus on vibrant and trendy aesthetics, Pacalop is set to make a mark in the domestic footwear market.

• Target Audience: Millennials and Gen Z consumers.

• Brand Identity: Playful, stylish, and functional.

• Launch Timeline: Second half of February 2025.

• Marketing Strategy: Digital engagement and quirky campaigns to drive brand visibility.

What This Means for Investors and Stakeholders

With these developments, SR Industries Limited is positioning itself for strong growth and stability. The shareholding restructuring ensures a fresh capital infusion of Rs. 11.70 crore, bolstering financial strength. The introduction of Pacalop signals a new business direction, tapping into the booming lifestyle and footwear market.

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With SR Industries' latest moves, shareholders, investors, and customers can look forward to an exciting phase of restructuring and expansion. Stay tuned for more updates on market trends and investment opportunities!