Record date for reduction of paid-up share capital held by the existing Promoters and Promoters Group
Awaiting price reaction for this filing.
Garodia Chemicals has fixed December 10, 2025 as the record date for extinguishing 37,28,800 equity shares (51.79% of the company's paid-up share capital) held by its existing promoters and promoter group. These shares will be cancelled and fully written off without any payment to the holders. The action stems from a Base Resolution Plan approved by the National Company Law Tribunal (NCLT), Mumbai, vide its order dated February 24, 2025. This is a one-time, NCLT-directed capital restructuring rather than a routine corporate action.
The promoter and promoter group stake will effectively drop from 51.79% to zero, which could shift control dynamics and significantly alter the shareholding pattern. Shareholders should expect a material change in the promoter holding post December 10, 2025, and review the implications for control, valuation, and any future restructuring.