Euro Ceramics Ltd. to Extinguish Capital and Delist Following Acquisition
Euro Ceramics Ltd. is set to extinguish its existing paid-up capital and delist from the BSE, following an acquisition by Jaquar And Company Pvt Ltd. The decision follows an order from the Hon'ble National Company Law Tribunal (NCLT) Mumbai Bench, dated August 13, 2025.Jaquar And Company Pvt Ltd. acquired Euro Ceramics Ltd. as a going concern through an e-auction process concluded May 1, 2025, under the direction of Liquidator Mr. Premraj Ramratan Laddha. The NCLT order, reference IA(I.B.C)/2832( MB)2025 IA(I.B.C)/2848(MB)2025 IN C.P. (IB)/66 (MB)2018, permits the extinguishment of the existing paid-up capital, subject to approvals from the Securities and Exchange Board of India (SEBI) and the BSE. The new management intends to operate Euro Ceramics Ltd. as an unlisted entity.
The NCLT order also stipulated that all liabilities and debts of Euro Ceramics Ltd. prior to the confirmation letter date are deemed extinguished, and the successful bidder is not liable for any violations, penalties, or fines related to the period before the confirmation letter.
Bharat Bhushan Duggal, Director of Euro Ceramics Limited, requested the BSE to approve the extinguishment of capital and delisting of the company.
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