NCLT sanctions 90 percent share capital reduction for Sikozy Realtors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.6 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sikozy Realtors received NCLT Mumbai order dated 18 June 2026 sanctioning reduction of paid-up equity capital under Section 66 of Companies Act 2013. Capital will drop from Rs.4.46 crore (4.46 crore shares of Re.1) to Rs.44.58 lakh (44.58 lakh shares) by cancelling 90 percent of shares (4.01 crore) on proportionate basis to write off accumulated losses of Rs.6.04 crore. No cash is paid to shareholders and ownership percentage stays unchanged. Shareholders had approved it at EGM on 8 August 2025 with 99.38 percent majority.
Share count falls 90 percent but each shareholders stake percentage stays same. Expect share price to adjust lower proportionally.