Indus Fila Limited has informed the Exchange that Record date for the purpose of Reduction in Capital is 09-02-2026
Awaiting price reaction for this filing.
Indus Fila Limited has fixed Monday, February 9, 2026 as the record date to give effect to a reduction in share capital as directed by the NCLT. This capital reduction stems from the company's Corporate Insolvency Resolution Process (CIRP), which began in 2017 after a default of Rs.76.83 lakh to operational creditor S.F. Dyes. The NCLT approved a resolution plan from SPG Macrocosm Ltd (through SPV Vision Textile) on May 10, 2019, and CIRP was formally concluded on April 21, 2022. Post-resolution, Vision Textile holds 97.88% as promoter while public shareholders hold only 2.12%. The stock is currently in the 'Suspended' category on both BSE and NSE after being delisted during the moratorium period, and this record date is meant to formalize the capital reduction and revised shareholding structure on the exchanges.
Existing public shareholders holding shares as of the February 9, 2026 record date will see their holdings effectively cancelled or reduced as part of the NCLT-ordered capital reduction. This is materially negative for legacy minority shareholders, who will be largely written out as Vision Textile consolidates near-total ownership (97.88%). With the stock in 'Suspended' category and limited trading liquidity, this is effectively a closure event for the old share register rather than a typical corporate action.