Outcome of Board Meeting for allotment of new equity shares for giving effect to the Reduction in Share capital.
Awaiting price reaction for this filing.
CISTRO Telelink's board, at a meeting on March 7, 2026, approved the allotment of 3,08,05,800 (3.08 crore) new equity shares of Re. 1 each to existing members as per the records of the Registrar on the record date of March 6, 2026. This allotment is being done to give effect to the reduction in share capital sanctioned by the NCLT Indore Bench through its order dated January 21, 2026 in CP/4(MP)2025, the certified copy of which was received on January 28, 2026. The company is now implementing the NCLT-approved capital restructuring plan by issuing fresh shares to its current shareholders.
This is a procedural step to implement an already-approved NCLT capital reduction scheme. Shareholders will see their holdings adjusted/reorganized in line with the NCLT order; no new money is being raised from the market.