Lyka Labs Limited has informed the Exchange about Redemption of
LYKALABS · price
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Awaiting price reaction for this filing.
Lyka Labs has redeemed 1,08,570 unlisted 10% Cumulative Redeemable Preference Shares of face value Rs. 100 each, paying a total of Rs. 1,08,57,000 to the preference shareholder on September 30, 2025. Following this redemption, the company's issued and paid-up preference share capital has been reduced to nil. This follows a board resolution dated September 29, 2025 approving the redemption. The move fully clears the company's preference share obligations.
This is a routine capital structure cleanup that does not affect equity shareholders. The redemption simplifies the company's capital structure by eliminating preference share obligations, which is neutral to mildly positive for equity holders as it removes a fixed dividend burden.