Board to consider capital reduction and share consolidation on Sept 4
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Ontic Finserve's Board will meet on Sept 4, 2026 to consider a capital reduction plan and a share consolidation where 10 equity shares of Rs 1 face value each will be merged into 1 equity share of Rs 10 face value. The proposal is being made under Sections 66 and other applicable provisions of the Companies Act, 2013. This is a reverse stock split that reduces share count while raising face value per share.
Share count will fall 10 to 1 with higher face value; total holding value stays similar, but liquidity and trading volumes may dip post action.