Announced Tue, 30 Jun · 16:38 IST
Redemption of 2 lakh 5% preference shares worth Rs 2 crore
Corporate Actions View source PDF
SURYALAXMI · price
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Price reaction · full curve 14 horizons · vs prior close
-7.0%1-day move
₹62.40
prior close
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base price
After-mkt
timing
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————-7.0-6.9-3.9-3.8-6.9-4.3-10.6———
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AI summary
Suryalakshmi Cotton Mills has redeemed 2,00,000 5% Non-Cumulative Redeemable Preference Shares of face value Rs 100 each, totaling Rs 2 crore, from company profits on June 30, 2026. The redeemed shares stand extinguished from that date. The move follows the Companies Act, 2013 and the original terms of issue.
Likely market impact
Minor capital structure adjustment via preference share redemption; equity share count unchanged, small saving on fixed dividend outflow going forward.