Alka India Ltd

Alka India Limited was initially incorporated on November 30, 1993 as 'Alka Sales Private Limited' with the Registrar of Companies, Gujarat. Subsequently, the name was changed to Alka Spinners Private Limited on April 21, 1994 and again to Alka Spinners Limited on September 21, 1994. Later, it changed to Alka India Limited in 2001-02. The Company engages in manufacturing and sale of textile products, which includes cotton, yarn and fabrics. Alka India Limited, a Mumbai-based textile manufacturing and trading entity, specializes in the production and sale of cotton, yarn, and fabrics, along with import/export activities in yarns, rayon, fibers, and cotton textiles. Company has historically operated in the competitive Indian textile sector. The major domain of these companies is in the field of Agro-Products. The rationale behind acquisition of these companies' springs from the geographical presence and outreach of the operations of these companies. Mementos Foods Ltd, Satyarath Foods Private Limited, Kostub Foods Private Limited, Neurich Nutrifoods Limited, Phycus Nutrifoods Limited, Philimont Nutrifoods Limited and Grefos International Private Limited has widespread reach in the state of Gujarat which will immensely assist Alka India Limited in increasing its market penetration and reach a larger number of customers. The FY 2024-25, marked a pivotal turnaround for the Company. Following the initiation of the Corporate Insolvency Resolution Process (CIRP) In December 2023, the National Company Law Tribunal (NCLT), Mumbai Bench, approved the Resolution Plan on February 7, 2025. This approval facilitated the Company's revival, extinguishing the erstwhile promoters' shareholding, reconstituting public shareholding to 5% of post restructured capital, and allotting fresh equity shares to new promoters and public shareholders. Subsequent ratifications occurred on April 12, 2025. The Company has undergone a Corporate Insolvency Resolution Process (CIRP) and has been approved by the Committee of Creditors and subsequently by the Hon'ble NCLT, Mumbai Bench dated February 7, 2025, making Mr. Jatinbhai Ramanbhai Patel as the new Promoter of the Company in 2025.