Notice of Shareholders for the forthcoming AGM is attached with.
Awaiting price reaction for this filing.
Quintegra Solutions has called its 31st AGM for September 24, 2025 via video conferencing, with the key agenda being a major capital restructuring to set off accumulated losses of Rs. 178.12 crore as of March 31, 2025. The company proposes to reduce the face value of each equity share from Rs. 10 to Rs. 1, which will reduce paid-up capital from Rs. 26.81 crore to Rs. 2.68 crore, and then fully wipe out the Securities Premium (Rs. 43.14 crore), Capital Reserve (Rs. 90.22 crore) and General Reserve (Rs. 4.95 crore) — a total of Rs. 162.44 crore — to bring remaining losses down to Rs. 15.67 crore. The number of shares held by each shareholder will remain the same; only the face value changes and fresh share certificates will be issued. Other AGM items include adopting FY25 financial results, re-appointing director Mr. Meleveettil Padmanabhan, appointing Mr. B. Prabhakar as Secretarial Auditor for five years, and amending the Articles of Association to enable the capital reduction. The company, an IT services firm inactive since 2014 after a failed overseas expansion during the 2008 financial crisis, wants a cleaner balance sheet to attract fresh investors and restart operations.
No change in the number of shares held or any cash payout for shareholders — only the face value drops from Rs. 10 to Rs. 1, and reserves are used to absorb old losses. The move is a balance-sheet clean-up aimed at reviving a dormant company and attracting new investors; shareholders will need to approve the special resolution, with NCLT confirmation also required.