Ratnakar Securities Ltd.

Mangalya Soft-Tech Limited recently went through a Corporate Insolvency Resolution Process (CIRP), a formal procedure for companies facing financial trouble. A rescue plan submitted by Ratnakar Securities Private Limited was approved, allowing the company to be revived instead of shutting down. As part of this plan, Ratnakar Securities, a stock broking firm, will be merged with Mangalya Soft-Tech. Consequently, the company's business purpose and name will change to align with the new direction in financial services. A new management team has been appointed to the board to oversee this transition and implement the approved resolution plan. Following the merger, the new combined company will be known as Ratnakar Securities Limited, marking a fresh start.;