Announced Sat, 20 Jun · 17:08 IST
Preference shareholders approve share capital reduction scheme
Board & Shareholder Meetings View source PDF
BALKRISHNA · price
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Price reaction · full curve 14 horizons · vs prior close
+5.0%1-day move
₹18.10
prior close
₹18.12
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.5-0.4+3.5+5.0+4.4+4.0+2.0+4.9+2.2+0.6-3.3——
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AI summary
Balkrishna Paper Mills held an EGM of unlisted preference shareholders on 19 June 2026. All 6 preference shareholders holding 1.1 crore preference shares across 9 ISINs voted 100 percent in favour of the Scheme of Reduction of Share Capital. The special resolution awaits NCLT approval.
Likely market impact
Preference shareholders have cleared the share capital reduction; NCLT approval is still required before it becomes effective. No direct impact on equity shareholders.