NCLT update for Scheme of Arrangement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and in line with its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Jaihind Synthetics Ltd has informed the exchanges that the National Company Law Tribunal (NCLT) has allowed its Scheme for Reduction of Equity Share Capital, filed under Section 66 of the Companies Act, 2013. The petition (C.P. No. 05/MB-IV/2025) sought NCLT sanction to reduce the company's share capital. The company is yet to receive the certified copy of the order and will share it with the exchange once available. The filing is signed by Director Dinesh Jayantlal Doshi from Mumbai.
This is a capital restructuring exercise, not an insolvency matter. Shareholders should expect a reduction in share capital once the scheme is implemented, which may improve earnings per share but also reduces the total number of shares. Watch for the certified order copy and the effective date for any change in share count or face value.