We wish to inform you that the Board of Directors of the Company at its meeting held on Monday, March 30, 2026, has considered and approved the following matters:
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PFL Infotech's board, meeting on March 30, 2026, approved a major capital reduction to clean up its balance sheet. The company will set off Rs. 7.40 crore of accumulated losses against its paid-up capital, bringing the share count down from 74,78,100 equity shares to just 74,781 shares. As a result, every shareholder will receive 1 share for every 100 shares held (a 100:1 consolidation). The board also approved shifting the registered office from Telangana to Maharashtra, subject to approvals. An Extra-Ordinary General Meeting is scheduled for April 30, 2026, via video conferencing, with the register of members closed from April 27 to April 29, 2026.
This is a reverse consolidation meant to eliminate accumulated losses, not a value-creating action. Shareholders will end up holding 1% of their previous share count, though the underlying business value remains unchanged. The stock price will likely adjust proportionally, and the action signals that the company has been loss-making and is restructuring its capital base.