The Company has fixed Thursday, January 29, 2026, as the Record Date for the purpose of giving effect to the Capital Reduction as per the NCLT order.
Awaiting price reaction for this filing.
Indus Fila Limited has fixed January 29, 2026, as the record date to give effect to a reduction of share capital, as directed by the National Company Law Tribunal (NCLT), Bangalore. This stems from the company's Corporate Insolvency Resolution Process (CIRP), which began in 2017 when an operational creditor filed for insolvency. The NCLT admitted the case in February 2018, approved a resolution plan by SPG Macrocosm Limited (through its SPV, Vision Textile) in May 2019, and concluded the process in April 2022. As a result, the shareholding pattern now stands at 97.88% held by promoter Vision Textile and only 2.12% with public shareholders. The company's shares remain in the 'Suspended' category on both BSE and NSE and are not actively traded.
This is a formal regulatory step to execute an already-approved capital reduction under the insolvency resolution plan. For public shareholders, who now hold just 2.12%, their already small stake is likely to be further reduced. Since the stock is suspended from trading on both exchanges, there is no immediate price impact, but the event underscores that the company is now effectively controlled by the resolution applicant and original public investors have very limited residual value.