Board of Director have approved the Consolidation of the Share Capital of the Company such that 10 (Ten) fully Paidup Equity Shares of the Company of face value of Re. 1/- (Rupee One ....
Awaiting price reaction for this filing.
The Board of Directors of Sword-Edge Commercials Ltd, at its meeting on August 29, 2025, approved the consolidation of the company's share capital under Section 61(1)(b) of the Companies Act, 2013, whereby 10 fully paid-up equity shares of face value Re. 1 each will be combined into a single share of higher face value. The Board also approved the Director's Report, Corporate Governance Report, Management Discussion and Analysis, and the draft notice for the 40th Annual General Meeting. Additionally, Mr. Ankur Singh (Membership No. A74848) was appointed as Company Secretary and Compliance Officer, designated as Key Managerial Personnel, effective September 8, 2025. The meeting was held from 5:00 PM to 6:15 PM.
Share consolidation reduces the number of outstanding shares and increases the per-share face value, but does not change the company's overall market capitalisation or the proportional value of each shareholder's holding. It is generally a cosmetic capital-structure change and is unlikely to materially affect the stock price in the short term.