pursuant to Order passed by the Hon'ble National Company Law Tribunal, Ahmedabad Bench for the purpose of Reduction of Share Capital, the company hereby made allotment of 10,73,227 Equity ....
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The Board of Directors of Saptak Chem and Business Limited, at its meeting held on July 09, 2025, approved the allotment of 10,73,227 equity shares of Rs. 10 each to eligible shareholders. This allotment was done pursuant to an order passed by the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, for the purpose of Reduction of Share Capital. The record date for identifying eligible shareholders was Saturday, July 05, 2025. The Board meeting concluded at 2:45 PM. This follows earlier disclosures made to BSE on June 23 and June 24, 2025.
This is a court-driven capital restructuring event where shares are being allotted under an NCLT order for share capital reduction. Shareholders should review the impact on their shareholding pattern and face value; the dilution or consolidation effect depends on the terms of the NCLT-approved scheme.