Intimation of Redemption of unlisted 1/2% Non-Cumulative Redeemable Preference Shares.
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Awaiting price reaction for this filing.
Gujarat Poly Electronics has fully redeemed its remaining preference share capital on February 25, 2026. The company redeemed 9,81,500 unlisted 0.5% non-cumulative redeemable preference shares of face value Rs 100 each, paying a total of Rs 9.81 crore to promoter Polychem Limited at par value. The redemption was funded out of the company's profits and TDS of 0.1% was deducted at source. After this transaction, the company's preference share capital has been reduced to zero, simplifying its capital structure.
Neutral to mildly positive for equity shareholders — the company has cleaned up its capital structure by retiring the entire preference share base, removing a small ongoing dividend obligation on these instruments, though the cash outflow of nearly Rs 10 crore from profits slightly reduces reserves.