Ventura Textiles Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/08/2025 ,inter alia, to consider and approve Board Meeting will be held ....
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Ventura Textiles has informed BSE that its adjourned Board meeting will be held on 21st August 2025. The Board will consider a proposal to reduce the Paid-up Share Capital of the company to write off accumulated losses to the extent possible. Additionally, the Board will consider issuing Sweat Equity Shares to Independent Directors and issuing shares to third parties on a Preferential basis. The company has accumulated losses, which is prompting the capital reduction move. The address is Andheri East, Mumbai, with Scrip Code 516098.
A capital reduction to wipe out accumulated losses is typically a balance sheet cleanup exercise and may dilute existing shareholders' equity percentage, though it doesn't involve cash outflow. The proposed preferential and sweat equity issues to directors and third parties could lead to further dilution but may bring in fresh capital or align director interests.