Announcement under Regulation 30 of SEBI (LODR) Regulations, 2025
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Awaiting price reaction for this filing.
Gujarat Poly Electronics' board has approved the redemption of 9,81,500 ½% non-cumulative redeemable preference shares with a face value of ₹100 each, to be redeemed at par (total approx. ₹9.82 crore) from company profits. These are unlisted preference shares, so this does not affect common shareholders. After redemption, the company's preference share capital will be nil, and no dividends are outstanding on these shares. The record date for the redemption is Wednesday, 4 February 2026, and payment will be made before 31 March 2026.
This is a routine capital structure cleanup involving only preference shareholders — ordinary equity shareholders are not affected. With preference capital reduced to zero, the company simplifies its capital structure but loses a small source of low-cost funding. Likely neutral for the common stock.