Fixation of Record date for capital reduction
Awaiting price reaction for this filing.
The Board of Directors of J.R. Foods Limited (Scrip Code: 530915) met on 18th August 2025 and fixed Saturday, 30th August 2025 as the record date to identify eligible shareholders for a reduction of share capital approved by the NCLT on 24th July 2025. Under the approved order, 100% of the equity shares held by the existing Promoters and Promoter Group will stand cancelled and reduced to zero. For public shareholders, 9 out of every 10 equity shares held will be cancelled, and only 1 share of Rs. 10 face value will be retained without any payment. Public shareholders holding 9 or fewer equity shares will have their entire shareholding extinguished with no cash compensation. The announcement is filed under Regulation 30 read with Regulation 42 of SEBI (LODR) Regulations, 2015.
This is a deeply value-destructive event for shareholders — public investors will effectively lose 90% of their holding (and 100% for those with 9 or fewer shares), with no compensation paid. The stock is likely to face significant downward pressure and illiquidity around and after the record date.