INDUSFILANSEIndus Fila Limited· Textiles - SyntheticHighNeutral
Announced Tue, 27 Jan, 2026 · 14:29 IST

Indus Fila sets Feb 9, 2026 as record date for capital reduction under NCLT order

Price reaction

Awaiting price reaction for this filing.

AI summary

Indus Fila has fixed February 9, 2026 as the record date for capital reduction under an NCLT order linked to its 2017 insolvency. NCLT admitted the CIRP in Feb 2018, approved a resolution plan from Vision Textile (SPG Macrocosm) in May 2019, and concluded IBC proceedings in April 2022. Promoter Vision Textile now holds 97.88 percent of shares and public shareholders hold just 2.12 percent. The stock is currently in the suspended category on both BSE and NSE. Paid up capital stands at about Rs 5.11 crore.

Likely market impact

Public shareholders, who hold only 2.12 percent, will see their shareholding reduced on the record date. Stock is in suspended category, so liquidity is very limited.