Announced Tue, 14 Jul · 19:01 IST
EGM Aug 5 for share capital cut, auditor, director appointments
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹5.06
prior close
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base price
After-mkt
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AI summary
EGM on Aug 5, 2026 at 12 PM via video conferencing. Key proposal: reduce equity capital from 70.02 lakh shares to 3.50 lakh (20:1 ratio) to write off Rs 6.65 crore accumulated losses. Other items: appoint M/s S Parth as co-auditor for 5 years, raise borrowing limit to Rs 100 crore, permit acquisitions up to Rs 100 crore, adopt new MOA and AOA, and regularize two independent directors.
Likely market impact
Capital cut is major: about 95% of shares will be cancelled to absorb losses, significantly impacting existing shareholdings.