Euro Multivision Limited recently disclosed the outcome of its Board Meeting held on March 14, 2026, announcing critical leadership and compliance appointments following its acquisition as a going concern under the liquidation process. The company has appointed Ms. Ankita Mohta as the Company Secretary and Compliance Officer, effective from December 15, 2025. Additionally, M/s. M G S Reddy & Co., Chartered Accountants, were appointed as Statutory Auditors for a five-year term starting from FY 2023–24, tasked with completing pending limited reviews and audits from the CIRP and liquidation periods to regularize regulatory compliances.

The notice highlights a significant transition for the company as it moves out of a period of insolvency. The new management, led by Managing Director Girish Jain, is actively working to regularize the company’s status on the stock exchanges, where trading is currently suspended due to non-compliances and outstanding dues from the liquidation phase. This management overhaul is a strategic step toward fulfilling the procedural formalities required by SEBI and the stock exchanges to resume normal operations and potentially restore trading in the company’s shares.

Incorporated in 2004, Euro Multivision Limited primarily operates in the manufacture of solar photovoltaic (PV) cells and optical discs, with its manufacturing plants located in Bhachau, Kutch, Gujarat. In early 2025, the company underwent a liquidation process under the Insolvency and Bankruptcy Code (IBC), with e-auctions held to sell the company as a going concern at a reserve price of approximately ₹18.50 crores. Recent updates from late 2025 and early 2026 indicate that the successful bidder has taken control, and the “new management” is now in the process of integrating operations and addressing years of stalled compliance.

Financial data for 2025 reflects the company’s distressed state, with revenue effectively stalled and net losses reported in preceding periods; for instance, as of the financial year ending March 2022, revenue had plummeted to nearly negligible levels with a CAGR of -61%. The company reported a net loss of ₹2.99 crores in September 2022, and more recent 2025 filings for Q3 results were delayed due to the transition to new management. Regarding shareholding, the promoter group held 52.99% as of mid-2022, with major individual stakeholders including Nenshi Ladhabhai Shah (21.04%) and Rayshi Lakhdir Shah (20.69%). No high-profile celebrity “famous investors” are currently listed in the 2025 public records.