Postal ballot: Share capital reduction and RPT approvals passed

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.