Pls find attached herewith Notice of Annual General Meeting to be held on 28/05/2026.
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Swadha Nature Ltd (formerly MS Securities Ltd) has called its 34th AGM on May 28, 2026 at 11:30 AM via Video Conferencing. The meeting will consider adoption of audited financial statements for FY 2025-26 and re-appointment of Mr. Dipakkumar Shah as Director. The key item is a Special Resolution for capital reduction: the company proposes to reduce its share capital from Rs. 4.09 crore (40.94 lakh shares) to Rs. 58.49 lakh (5.84 lakh shares) by cancelling 35.09 lakh shares to wipe off accumulated losses of Rs. 3.50 crore. This requires NCLT approval. The company also seeks appointment of Mrs. Rupal Patel as Secretarial Auditor for 5 years.
The capital reduction scheme is a significant corporate action that will substantially reduce the number of outstanding shares to offset accumulated losses. While existing shareholders will see their holdings diluted, the move aims to clean up the balance sheet and potentially improve the company's ability to raise capital or pay dividends in future.