Announcement under Regulation 30 (LODR)- General Updates
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Keynote Financial Services Ltd has informed stock exchanges that BSE and NSE have confirmed the extinguishment and cancellation of 14,51,702 equity shares of Rs. 10 each, effective January 20, 2026. This action follows the Scheme of Selective Reduction of Capital approved by the NCLT Mumbai Bench on January 9, 2025, under Sections 66 and 52 of the Companies Act, 2013. The total face value of the cancelled shares is approximately Rs. 1.45 crore. Both exchanges have granted trading approval for the reduced share base. The cancelled shares span multiple distinctive number ranges, as detailed in the annexures from both BSE and NSE.
This capital reduction reduces the company's outstanding share count, which generally lifts earnings per share and increases proportional ownership for remaining shareholders. It is a value-accretive corporate action and is positive for existing investors.