Quintegra Solutions Limited has informed the Exchange about the Share Capital Reduction Petition Filed in NCLT
Awaiting price reaction for this filing.
Quintegra Solutions Limited has filed a petition before the NCLT Chennai Bench to reduce its share capital by lowering the face value of equity shares from Rs. 10 to Rs. 1 each, while keeping the share count unchanged at 2,68,13,830 shares. This will reduce paid-up capital from Rs. 26.81 crore to Rs. 2.68 crore, with the Rs. 24.13 crore reduction used to write off accumulated losses. The company also proposes to use its securities premium (Rs. 43.14 crore), general reserve (Rs. 4.95 crore) and capital reserve (Rs. 90.22 crore) — aggregating Rs. 138.31 crore — to set off the remaining losses. After this, accumulated losses of Rs. 178.12 crore will be brought down to Rs. 15.67 crore. Shareholders had already approved this via a special resolution on 24 September 2025, and there will be no cash payout to shareholders. The company says the move is to clean up its books after legacy losses from 2007-08 overseas acquisitions that were hit by the global financial crisis, in order to attract new investors and raise fresh capital.
Existing shareholders will continue to hold the same number of shares but the face value of each share will drop from Rs. 10 to Rs. 1, with no cash outflow. All reserves (premium, general, capital) will be fully wiped out. The exercise does not change shareholder value or shareholding pattern but prepares the company for future fundraising.