“Learning from the past, ensuring healthy present and enhancing prospects for the future is a constant cycle followed by all organizations with global ambition. Eastern Silk shall keep reinventing itself as a competitive, innovative and well – respected organization. Be it our customers or business associates, employees or consumers, we shall add value to their endeavors through our association. Silk for us not only our business, but a means to stimulate human creativity and contribute to well being of thousands of families associated with us. We shall continue to excel with silk.”
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Date: 19 August 2025
General Announcement
Subject: Extinguishment of Existing Share Capital and Issuance of New Share Capital
This is to inform all stakeholders that, pursuant to an application filed by the financial creditors of the Company before the Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench on 10 June 2022, and in accordance with the NCLT’s final order dated 31 January 2024, the entire existing share capital of Eastern Silk Industries Limited has been extinguished.
Further, as per the approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016, new share capital has been issued to the Successful Resolution Applicant (SRA), M/s Baumann Dekor Private Limited.
This update is being disclosed for the information of all shareholders, stakeholders, and the general public.
For any queries or further information, you may contact us at cs@easternsilk.com.
By Order of the Board
Eastern Silk Industries Limited