Pursuant to our intimation dated April 02, 2026, we had clarified that the intimation submitted by the Company on March 13, 2026, wherein the record date was stated as March 25, 2026, for ....
Awaiting price reaction for this filing.
Garodia Chemicals has clarified that a previous record date of March 25, 2026 (stated on March 13, 2026) for share capital reduction has been withdrawn. The correct record date per BSE notice dated December 5, 2025 is December 10, 2025. The restructuring involves: (i) full extinguishment of promoter shares (51.79%, or 37,28,800 equity shares) without any payment, (ii) public shareholders receiving 1 new share for every 13 existing shares held, and (iii) face value reduction from Rs. 10 to Re. 1. This is part of a Base Resolution Plan approved under a restructuring scheme.
Public shareholders face severe dilution — they lose approximately 92% of their shareholding in exchange for 1 new share per 13 held. Promoter shares are fully extinguished without compensation, significantly reducing the company's capital structure and likely affecting stock liquidity and price.