Intimation about correction in reduction of paid up share capital
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Awaiting price reaction for this filing.
Ventura Textiles is correcting an earlier announcement about a proposed reduction in its paid-up share capital to wipe out accumulated losses of about Rs. 15.55 crore. The face value of each equity share will be cut from Rs. 10 to Rs. 2, reducing the company's paid-up capital from Rs. 19.45 crore to Rs. 3.89 crore. The total number of shares (1,94,53,289) will remain unchanged. The authorised share capital will also be amended accordingly. The correction updates the company's earlier letter dated 21st August 2025.
This is a value-erasing exercise for shareholders — the per-share book value is being deliberately cut by 80% to absorb past losses, and the stock is likely to see selling pressure as it highlights the company's weak financial history.