Candour Techtex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/09/2025 ,inter alia, to consider and approve Praposal for consolidation ....
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Candour Techtex Limited has informed BSE that its Board of Directors will meet on Monday, September 1, 2025, at 3:00 PM. The main item on the agenda is to consider and approve a proposal for consolidation of the company's existing equity shares, which currently have a face value of ₹1 each fully paid up. The Board will also seek shareholder approval for this proposal in a general meeting, along with any necessary regulatory or statutory approvals. The company has shares listed on both BSE (Scrip Code: 522292) and MSEI.
Share consolidation (reverse stock split) increases the face value per share and reduces the total number of shares, which may improve per-share metrics and price perception but does not change the overall value of a shareholder's holding. Shareholders should watch for further details on the consolidation ratio and record date.