Pursuant to Regulation 30 of SEBI (LODR) Reg, 2015, the Board at its meeting held today considered and approved the following: 1. The extinguishment and reduction of Equity Share Capital ....
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Viksit Engineering Ltd's board, meeting on 28 November 2025, approved three key items. First, the extinguishment and reduction of the existing equity share capital pursuant to an approved Resolution Plan under the Companies Act, 2013. Second, the allotment of 12,500 fresh equity shares of Rs. 10 face value to existing shareholders (excluding promoter and promoter group) in a ratio of 503 new shares for every 10,000 shares held, as part of the same Resolution Plan. Third, the appointment of Mr. Manish Kumar Chaturvedi as the new Chief Financial Officer and Key Managerial Personnel. The capital structure changes signal that the company is executing a corporate resolution or restructuring plan, not a routine capital market action.
Shareholders should note that existing equity shares are being extinguished, with new shares issued only to non-promoter shareholders under the Resolution Plan, which will materially change the shareholding pattern and cap table. Investors are advised to review the full Resolution Plan for implications on their holdings, voting rights, and any further restructuring steps.