Board approves 3.10 crore share cancellation and 1 crore new shares

The board approved cancelling 10,198,415 promoter shares and 20,806,441 public shares under court orders. It will allot 500,000 shares to eligible public holders at 1 for every 41 shares held on 26 October 2026, and issue 9,500,000 shares at Rs 10 each to the successful bidder's nominee. Paid-up capital would fall from Rs 31.00 crore to Rs 10.00 crore, with the bidder's nominee holding 95%, subject to approvals.