Morarjee Textiles Limited (MORARJEE) — Announcement | 12 May 2026

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📢 Key Event
NCLT approves resolution plan for Morarjee Textiles, enabling new investor control

🔄 What Changed
Public shareholding drops to 5.1%; promoter stakes cancelled

💡 Investor Takeaway
Shareholders will see significant dilution as new investors gain majority control.

Morarjee Textiles disclosed that the National Company Law Tribunal approved the resolution plan for Shriniwas Spintex Industries Private Ltd, which will infuse INR 156 crore to settle creditors and take 94.9% control, reducing public shareholding to 5.1% and cancelling existing promoter stakes. The plan preserves the company as a going concern but lacks updated financials, with net worth figures unavailable post-CIRP.

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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