Board confirms capital reduction, fixes 18 Aug 2026 as record date

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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board confirmed the reduction of share capital after receiving the Registrar of Companies certificate dated 04 August 2026. Record date set for 18 August 2026 to identify shareholders whose equity shares will be subject to capital reduction under the NCLT order. The RTA and a director are authorized to coordinate with NSDL, CDSL, and BSE for implementation.

Likely market impact

Capital reduction will reduce share count or face value. Shareholders on the record date will be affected. Short-term price action expected.