32nd Annual Report FY26 with AGM notice and capital reduction proposal
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Innocorp filed its 32nd Annual Report for FY 2025-26 with AGM notice for August 8, 2026. Key item: reduce equity capital from Rs 7.94 crore (79.41 lakh shares) to Rs 1.99 crore (19.85 lakh shares) by cancelling 59.56 lakh shares plus entire securities premium of Rs 6.47 crore. Total Rs 12.43 crore reduction will be used to write off accumulated losses. Also seeks re-appointment of MD Lakshmi VVV Garapati, two independent directors for second 5-year term, and statutory auditor M N Rao and Associates for second 5-year term.
If approved, each shareholder will lose about 75 percent of their shareholding. The reduction aims to write off accumulated losses of Rs 12.43 crore.