Record date
Awaiting price reaction for this filing.
Fenoplast Ltd has fixed Monday, 23 March 2026 as the record date for reduction and extinguishment of equity share capital under a Resolution Plan approved by the NCLT Hyderabad Bench. The entire shareholding (100%) of the erstwhile promoter group and up to 95% of public shareholders' equity capital will be reduced. For public shareholders, this translates to cancellation and re-issue of just 1 equity share of Rs. 10 for every 20 shares held on the record date, meaning public investors will effectively retain only about 5% of their existing share count.
This is a severe value-eroding event for public shareholders, who stand to lose roughly 95% of their shareholding through this capital reduction. The stock is likely to face significant selling pressure ahead of and on the record date, and existing holders should review the NCLT-approved Resolution Plan carefully to understand their post-reduction position.