BSESikozy Realtors LtdHighNeutral
Announced Fri, 3 Jul · 14:53 IST
Share capital reduced by 90 percent to write off losses
Corporate Actions View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLT Mumbai approved Sikozy Realtors' Scheme of Reduction of Share Capital. Paid-up equity capital will shrink from Rs 4.46 crore to Rs 44.58 lakh, a 90 percent cut. The Rs 4.01 crore freed up will write off accumulated losses and clean up the capital structure.
Likely market impact
Each shareholder ends up with 1 share for every 10 held. Cleanup of weak financials, balance sheet should be healthier.