BSEStarlite Components LtdHighNeutral
Announced Mon, 26 Oct, 2026 · 15:55 IST
Record date set for share reduction and issue to creditors
Price reaction
Awaiting price reaction for this filing.
AI summary
Under a resolution plan approved by the National Company Law Tribunal on 22 September 2026, Starlite set 5 November 2026 as the record date to reduce public shareholders equity to 109,353 shares. It will issue 1,709,353 fully paid shares of Rs 10 each to creditors: 1,362,500 to Solar Copyer and 237,500 to Rutwik Sales.
Likely market impact
Public shareholders are left with a very small stake, while creditors receive about 94 percent of the enlarged share capital, shifting voting control to them.