Postal ballot: Capital reduction and related party deals approved

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹18.50

prior close

₹18.65

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.2% vs market

Paper & Paper Products peers, median of 35sector-0.1%-1.4% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.4 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.6-0.3-1.2-0.1-1.4

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 35Pending

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AI summary

Postal Ballot ended 2 July 2026 with all four resolutions passed. Capital reduction scheme approved with 99.94 percent in favor: equity face value to drop from Rs 10 to Re 1 to offset accumulated losses of about Rs 52.28 crore. Rs 110 crore preference share capital to be cancelled. Share count unchanged; BSE and NSE listing continues pending NCLT nod. Three related party resolutions passed with 99.42 percent majority, approving borrowings up to Rs 25 crore each for FY27 and FY28.

Likely market impact

Capital reduction awaits NCLT nod. If effective, equity face value drops from Rs 10 to Re 1; share count stays same. Losses may be written off.