Capital Reduction and Share Consolidation Approved
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and in line with its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shree Securities board (Sept 4, 2026) and shareholders (Sept 29, 2026 AGM) approved a Scheme of Reduction and Consolidation of Capital. Paid-up equity capital will drop from Rs.79.80 crores to Rs.1.596 crores by cancelling 78.20 crore Re.1 shares to write off accumulated losses. Remaining shares will then consolidate from 1.59 crore Re.1 shares into 15.96 lakh Rs.10 shares (10:1). Subject to NCLT approval.
Share count to fall 500:1; face value rises from Re.1 to Rs.10 per share. Still needs NCLT clearance before becoming effective.