Postal Ballot Results - Capital Reduction and RPT Approvals

Corporate Actions View source PDF Explain this filing

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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

After-mkt

timing

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

Stock

+3.6

10m

+4.2

15m

+1.9

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-0.3-1.2-0.1-1.4

Next day

+2.2-0.1+2.3-1.0+3.1

-2.1-0.8-1.3-0.6-1.5

+0.5-2.8+3.4-1.0+1.6

-0.1-1.0+0.9-0.7+0.6

-0.3+0.4-0.7-0.0-0.2

-1.6-0.5-1.2-0.4-1.2

15d

-4.5-1.9-2.6+1.6-6.1

-1.4+0.4-1.8+4.2-5.6

-5.5+3.5-9.0+3.3-8.8

-13.5+2.0-15.5+2.0-15.5

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

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shareholders approved reducing equity face value from Rs 10 to Re 1 (share count unchanged) to offset accumulated losses of about Rs 52.28 crores, and cancelling 1.10 crore preference shares worth Rs 110 crores. Also cleared material related party ICDs up to Rs 25 crores each with three related parties at 12 percent interest for FY26-27 and FY27-28. All four resolutions passed with over 99 percent votes in favor. Awaits NCLT confirmation.

Likely market impact

Equity face value drops from Rs 10 to Re 1 to absorb losses; share count unchanged. Preference shares of Rs 110 crores to be cancelled pending NCLT nod.