Board approves 95 percent share capital reduction to set off losses
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Boston Commerce Ltd board approved a scheme to reduce share capital by cancelling about 95 percent of equity shares (66,52,090 of 70,02,200 shares) on a pro-rata basis. This will write off Rs. 6.65 crore of accumulated losses. Paid-up capital will drop from Rs. 7 crore to Rs. 35 lakh. Each shareholder's percentage holding stays the same and no cash is paid out. EGM set for Aug 5, 2026. Auditors and company secretary were also appointed.
Share count drops 95 percent to set off accumulated losses; ownership percentages stay unchanged so economic interest is unaffected for shareholders.