Allotment of equity shares pursuant to approved Scheme of Reduction of Capital and subsequent consolidation in accordance with the terms of approved scheme to the shareholders of the Company ....
Awaiting price reaction for this filing.
The Board of Directors of Gold Coin Health Foods Ltd, at its meeting on 11th December 2025, approved the allotment of 30,00,900 fully paid-up equity shares of Rs. 5/- each under an approved Scheme of Reduction of Capital. This was followed by a share consolidation where every 2 equity shares of Rs. 5/- each will be combined into 1 equity share of Rs. 10/- each. The paid-up capital remains unchanged at Rs. 1,50,04,500, but the total number of shares will reduce from 30,00,900 to 15,00,450. The reduction in capital will be used to offset accumulated losses and improve the balance sheet. The record date for the consolidation was 27th November 2025. Notably, 636 shareholders who held only 1 equity share each will not receive any shares after the consolidation.
Shareholders will see their share count halve while the face value doubles, leaving the total value of their holding unchanged. However, 636 shareholders holding single shares will lose those holdings entirely. The offsetting of accumulated losses against share capital is a positive step for cleaning up the company's balance sheet and may improve future financial visibility.