Board approves about 95 percent share cancellation to set off losses, new CS appointed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved a Scheme of Capital Reduction to cancel 66,52,090 equity shares out of 70,02,200, reducing share capital from Rs 7.00 crore to Rs 35.01 lakh and setting off Rs 6.65 crore of accumulated losses. Reduction is pro-rata so each shareholders percentage stake stays unchanged. Approval sought via EGM on 5th August. Also appointed Ms. Deshna Jain as Company Secretary and Compliance Officer, S Parth and Company as Statutory Auditors (till 2031 AGM), CS Krupa Romil Shah as Secretarial Auditor, and Nisarg Shah as Internal Auditor for FY 2026-27.
About 95 percent share cancellation to set off around 6.65 crore in accumulated losses, pro-rata so holdings percentages unchanged. EGM nod due 5th August.