Please find the attached Scheme for Reduction of Share Capital Approved by the Board in the Meeting held on 23rd Janaury, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.9 pts more than Nifty Microcap 250 and 6.6 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Vaishno Cement Company has approved a scheme to reduce paid-up share capital by 90% to write off accumulated losses. The company had accumulated losses of about Rs. 9.91 crore as on March 31, 2025, against a paid-up capital of Rs. 8.95 crore (89,50,200 shares of Rs. 10 each). Under the scheme, 8.95 lakh shares will remain from the existing 89.5 lakh shares, i.e. every 10 shares will become 1 share. About Rs. 8.06 crore of losses will be set off against the share capital, leaving remaining losses of roughly Rs. 1.85 crore. The scheme is subject to shareholder approval by special resolution and NCLT (Kolkata Bench) sanction. Promoters hold 100% of the company, so the shareholding pattern remains unchanged after reduction.
This is an accounting/balance-sheet cleanup exercise, not a value destruction event — the company's underlying business and assets are unchanged. Shareholders will hold 1 share for every 10 they currently own, so the share price is likely to adjust downward proportionally (roughly 1/10th) once the scheme becomes effective, leaving total value intact on paper. The reduction may help the company raise fresh capital or pay dividends in the future, but small investors should watch the NCLT process and record date for the swap.