Announced Sat, 25 Jul · 14:19 IST
Board approves NCLT Resolution Plan: 100 to 5 share reduction for public shareholders
SABEVENTS · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLT Mumbai approved a Resolution Plan on July 10, 2026 under the Insolvency and Bankruptcy Code. The board on July 25, 2026 approved its implementation. Promoters' equity shares will be fully cancelled and extinguished. Public shareholders' shares will be reduced in a 100:5 ratio (every 100 shares become 5). Record date is August 5, 2026. Actions are subject to depository and regulatory approvals.
Likely market impact
Public shareholders face a 95 percent reduction in shareholding. Promoter shares fully cancelled. Severe dilution under NCLT resolution.