Announced Mon, 6 Jul · 15:18 IST
Share capital reduction confirmed, 4.01 crore shares cancelled
Compliance View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLT Mumbai confirmed reduction of share capital under Section 66 of Companies Act 2013 via order dated 18 June 2026. Paid up capital reduced from Rs 4.45 crore to Rs 44.58 lakh by cancelling 4.01 crore shares of Rs 1 each, to set off accumulated losses of Rs 4.01 crore out of total losses of Rs 6.04 crore. ROC Mumbai registered the order on 2 July 2026.
Likely market impact
Share count per shareholder falls to about 10 percent of previous holding. Reflects large accumulated losses; book value per share may improve after restructuring.