Certified True Copy
Awaiting price reaction for this filing.
Gold Coin Health Foods has submitted the certified true copy of the NCLT Ahmedabad order dated October 31, 2025, approving reduction of its share capital under Section 66 of the Companies Act, 2013. The paid-up share capital will be cut from Rs. 3,00,09,000 to Rs. 1,50,04,500 by reducing the face value of each equity share from Rs. 10 to Rs. 5, while keeping the total number of shares (30,00,900) unchanged. The freed-up amount of Rs. 1,50,04,500 will be used to write off accumulated business losses. Shareholding pattern remains the same — Promoters at 39.31% and Public at 60.69% — and there is no cash outflow to shareholders, with the company's net worth staying identical before and after the reduction. The company must now publish the order in English and Gujarati newspapers within 14 days and file it with the Registrar of Companies within 30 days.
This is a balance-sheet cleanup exercise, not a dilution event — shareholders own the same percentage and no money leaves the company. However, it reveals that the company carries substantial accumulated losses (~Rs. 1.50 crore being written off), indicating weak past financials. The halved face value may cause cosmetic adjustments to the stock's quoted price on BSE, but the underlying shareholder value is unchanged.