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Awaiting price reaction for this filing.
AI Champdany Industries has renewed 14,353 non-convertible 2% cumulative preference shares of Rs. 5.00 each for another five-year period, extending their tenure up to 29.03.2030. All other terms of the original issue remain unchanged. The renewal has been carried out under Section 48 of the Companies Act, 2013, which governs the revival/re-issuance of share capital. This is a routine compliance filing and does not alter the share's economic terms or create new instruments.
This is a routine administrative action with no change to dividend rate (still 2%) or any other economic term, so it is unlikely to have any meaningful impact on the stock price or common shareholders. The preference shareholders continue under the same terms for an additional five years.