Cella Space Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/04/2025 ,inter alia, to consider and approve Notice is hereby given that a Meeting ....
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Cella Space Ltd has informed BSE that its Board of Directors will meet on April 22, 2025. The Board will consider and approve the audited financial results for the quarter and financial year ended March 31, 2025, along with the auditors' report. Additionally, the Board will consider a Draft Scheme of Arrangement to reduce Rs. 10 crore of paid-up unlisted, unrated preference share capital under Section 66 of the Companies Act, 2013. The scheme is subject to obtaining a No-Objection letter from BSE and filing with the National Company Law Tribunal (NCLT), Kochi Bench. The outcome of the meeting will be disclosed within the prescribed timeline.
Shareholders should watch for the FY25 audited results, which will give a clearer picture of company performance. The proposed reduction of Rs. 10 crore in preference share capital, if approved, simplifies the capital structure but is subject to BSE and NCLT approvals, so it carries regulatory uncertainty and may take time to materialize.