NCLT sanctions 90 percent share capital reduction for Sikozy Realtors

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.