Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited) has submitted a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The promoters have declared that there was no pledge or encumbrance on the equity shares held in the company, either directly or indirectly, during the financial year ended March 31, 2026. The company was under liquidation pursuant to an NCLT order dated March 11, 2019. Subsequently, by an order dated January 25, 2024, the NCLT and the Liquidator sold the company to Mahaalaxmi Textile as a going concern via a sale certificate dated March 11, 2024. Several corporate actions, including the cancellation of shares of previous promoters, reduction of public shareholding, consolidation of shares, and allotment of shares to new promoters, are currently in process with the Registrar of Companies (ROC), Stock Exchanges, and Depositories. The extinguishment of shares of the old promoters is yet to be reflected in the databases of ROC and depositories, and this data is being submitted for compliance purposes.
