Announced Sat, 20 Jun · 17:30 IST
Preference shareholders approve share capital reduction scheme
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——
Up moveDown movePending
AI summary
Preference shareholders of Balkrishna Paper Mills approved the Scheme of Reduction of Share Capital at an EGM held on June 19, 2026. All 1.1 crore preference shares across 9 ISIN series voted 100 percent in favor through remote e-voting. The resolution was passed unanimously with special majority. The scheme now requires NCLT approval to proceed.
Likely market impact
Share capital reduction scheme clears preference shareholder hurdle; awaits NCLT approval before taking effect.