Asahi Industries Ltd. Transitions Management to Safex Realtor Private Limited Following Resolution Plan Approval
Mumbai – March 25, 2026 – Asahi Industries Ltd. announced the completion of a key step in its Corporate Insolvency Resolution Process (CIRP) with the handover of management and control to Safex Realtor Private Limited, effective March 24, 2026. This follows an order dated November 13, 2020, from the National Company Law Tribunal (NCLT) Mumbai Bench, which approved a resolution plan submitted by Safex Realtor Private Limited.The transfer of management concludes the role of the Resolution Professional (RP)/Chairman of the Monitoring Committee.
As part of the resolution plan, the company’s shareholding structure has been revised as follows:
| Shareholder | Ownership |
|---|---|
| Safex Realtor Private Limited | 75% |
| Public Shareholders | 25% |
The existing Board of Directors has been vacated, and a new board is being constituted by Safex Realtor Private Limited. Details regarding the new directors will be disclosed separately.
Asahi Industries Ltd. is currently finalizing the implementation of other steps outlined in the resolution plan, including required filings with the Registrar of Companies.
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