Morarjee Textiles Limited (MORARJEE) — Announcement

1 Announcement 🔴 High Importance Neutral 📄 PDF

📢 Key Event
NCLT approves resolution plan for Morarjee Textiles

💡 Investor Takeaway
Shareholders may see improved recovery prospects as the company moves toward restructuring completion.

Morarjee Textiles announced that the National Company Law Tribunal approved the resolution plan submitted by Shriniwas Spintex Industries for its corporate insolvency process, marking a key step toward restructuring under the Insolvency and Bankruptcy Code. The approval, issued orally on May 11, 2026, follows creditor endorsement and sets the stage for formal publication and compliance disclosures.

2 Announcement Neutral 📄 PDF

📢 Key Event
NCLT approves resolution plan for Morarjee Textiles

🔄 What Changed
Resolution plan approved, ending corporate insolvency process

🔮 What's Next
Disclosures of plan features to be filed after publication of approval order

💡 Investor Takeaway
Shareholders may see restored value and potential exit from insolvency proceedings.

Morarjee Textiles announced that the National Company Law Tribunal approved the resolution plan submitted by Shriniwas Spintex Industries for its corporate insolvency process, finalized orally on May 11, 2026. The approval triggers mandatory disclosures of the plan’s salient features under LODR regulations once published, marking a critical step toward exiting insolvency proceedings and restoring operational control to the company.

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