Please find the attached Intimation and Notice of EOGM.
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Awaiting price reaction for this filing.
Vaishno Cement Company has called an Extra-Ordinary General Meeting on 25 February 2026 at 1:00 PM via video conferencing to seek shareholder approval on three special resolutions. The first two items are housekeeping: adopting a new set of Memorandum of Association and Articles of Association aligned with the Companies Act, 2013, replacing the old ones framed under the Companies Act, 1956. The third and most material item is a 90% reduction of paid-up share capital, which will bring paid-up equity from Rs. 8.95 crore (89,50,200 shares of Rs. 10 each) down to Rs. 89.50 lakh (8,95,020 shares of Rs. 10 each) – effectively a 1-for-10 share consolidation. The reduction is aimed at writing off Rs. 8.05 crore of accumulated losses (out of total losses of Rs. 9.91 crore as on 31 March 2025) and requires confirmation from the NCLT Kolkata Bench before it can take effect. Each shareholder's percentage holding will stay the same, and no cash is being paid out.
For shareholders, this is a balance-sheet cleanup rather than a value-destroying event – your ownership percentage remains unchanged, but you will hold 1 share for every 10 you currently own, and the share price is likely to adjust upward to reflect the lower share count. The exercise clears a large chunk of accumulated losses and may improve the company's ability to raise future finance, but it still needs shareholder approval at the EOGM and NCLT sanction to become effective. The stock could see some short-term volatility around the 25 February meeting date.