Announced Tue, 30 Jun · 16:43 IST
Suryalakshmi Cotton Mills redeems 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
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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, totalling Rs 2 crore, on June 30, 2026. The redemption was funded out of company profits under the Companies Act 2013 and the original terms of issue. The preference shares stand extinguished from the redemption date. This is a follow-up to an earlier intimation dated May 25, 2026.
Likely market impact
Small capital structure cleanup. No material impact on equity shareholders as these were preference shares carrying a fixed 5% non-cumulative dividend.