Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the company hereby inform the order passed by Hon''ble NCLT on 31st October 2025.
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Ahmedabad, on 31 October 2025 approved the company's petition to reduce its share capital under Section 66 of the Companies Act, 2013. The face value of each equity share will first be reduced from Rs 10 to Rs 5, and then every 2 shares of Rs 5 will be consolidated into 1 share of Rs 10. As a result, the total number of shares will halve from 30,00,900 to 15,00,450, and paid-up capital will drop from Rs 3,00,09,000 to Rs 1,50,04,500. The Rs 1.5 crore reduction is being used to write off accumulated losses. Shareholding percentages remain unchanged — promoters at 39.31% and public at 60.69% — and there is no cash outflow to shareholders. Net worth stays the same at Rs 1,00,58,900, with the move being purely a balance sheet cleanup.
Existing shareholders will end up holding half the number of shares at the same face value, so total portfolio value should remain broadly unchanged after adjustment, though the stock price is likely to theoretically double to reflect the consolidation. The corporate action cleans up accumulated losses and simplifies the capital structure but signals that the company has been carrying significant historical losses on its books.