Announced Thu, 2 Jul · 21:52 IST
Postal Ballot Results - Capital Reduction and RPT Approvals
Corporate Actions View source PDF
BALKRISHNA · price
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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹18.50
prior close
₹18.65
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.6+4.2+1.9—+2.2-2.1+0.5-0.1-0.3-1.6-4.5———
Up moveDown movePending
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.