Please find the attacehd Outcome of Board Meeting
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The Board of Directors of Vaishno Cement Company Ltd, at its meeting on January 23, 2026, approved three key items: (1) adoption of a new Memorandum of Association, (2) adoption of new Articles of Association, and (3) a draft scheme to reduce the company's share capital under Section 66 of the Companies Act, 2013. The company has accumulated losses of Rs. 9.91 crore as on March 31, 2025, against a paid-up share capital of Rs. 8.95 crore, meaning losses have wiped out the share value. To fix its balance sheet, the Board proposes a 90% capital reduction — paid-up capital will fall from Rs. 8.95 crore (89,50,200 shares of Rs. 10 each) to Rs. 89.50 lakh (8,95,020 shares of Rs. 10 each). Effectively, every 10 shares held will become 1 share, while each shareholder's percentage ownership stays the same. The scheme will now be sent to shareholders for approval via special resolution and then to the NCLT Kolkata Bench for final sanction.
This is a bookkeeping exercise and not a cash payout — no money changes hands. Each shareholder will simply hold 1 share for every 10 currently held, with their proportional ownership unchanged. The stock price may adjust downward on the ex-date to reflect the reduced number of shares, but the company's overall market value should remain similar. The move signals financial weakness but is a positive step toward cleaning up the balance sheet, which could help the company raise fresh funds or restart business operations in the future.