Postal ballot: Share capital reduction and RPT approvals passed

Corporate Actions View source PDF Explain this filing

BALKRISHNA · price

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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 Rs 1 per share to write off accumulated losses of about Rs 52.28 crore. Share count stays at 3.22 crore, but 90 percent of paid-up equity value is cancelled. Rs 110 crore of preference shares also stand cancelled and extinguished. Three related party ICDs up to Rs 25 crore each for FY26-27 and FY27-28 from SP Finance and Sanchna Trading were approved. All resolutions passed with over 99 percent approval.

Likely market impact

Equity face value drops from Rs 10 to Rs 1 to absorb losses. Share count stays the same; Rs 110 crore preference shares cancelled. Awaiting NCLT approval.