Fixation of Record date for determining of shareholders of the Company for the effecting the cancellation of share capital pursuant to approved Resolution Plan.
Awaiting price reaction for this filing.
The board of Shri Krishna Prasadam Ltd has fixed Tuesday, June 17, 2025 as the record date to identify shareholders whose shares will be cancelled as part of an approved Resolution Plan. Shareholders on the books as of this date will be affected by the capital reduction. The decision was taken at a board meeting held on June 5, 2025. This is a corporate restructuring move, typically undertaken as part of a debt resolution or revival plan. Existing shareholders are likely to see a significant reduction or complete write-off of their holdings.
Shareholders face a high risk of sharp value erosion or total loss of their investment as share capital is being cancelled. This is generally viewed very negatively by the market and could lead to a steep decline in the stock price.