Please find the attached outcome of Board Meeting
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The board of Vaishno Cement Company, a small Kolkata-based cement firm (BSE scrip code 526941), met on 29th October 2025 and approved three items. Two of these are routine compliance updates — adopting a new Memorandum of Association and Articles of Association aligned with the Companies Act, 2013 (the company was originally incorporated in 1992). The third and most significant item is a proposal and draft scheme for reduction of share capital under Section 66 of the Companies Act, 2013. This reduction is subject to approval from shareholders and the National Company Law Tribunal (NCLT). The meeting lasted just 30 minutes, from 1:15 p.m. to 1:45 p.m.
A reduction of share capital typically means the company is looking to cancel or write off accumulated losses or restructure its capital base, which can affect share value and per-share metrics. Investors should wait for further details on the draft scheme and the rationale before drawing conclusions, as the move still needs shareholder and NCLT clearance.