Submission of copies of Newspaper Advertisement informing extinguishment, reduction and subsequent allotment of Equity Shares in pursuant to the terms of the approved Resolution Plan.
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Awaiting price reaction for this filing.
Viksit Engineering Ltd has published newspaper advertisements (Financial Express in English and Mumbai Lakshadweep in Marathi on 30 November 2025) informing shareholders about changes to its equity share capital under the Resolution Plan approved by the NCLT Mumbai bench on 11 February 2025. The company had been admitted to Corporate Insolvency Resolution Process (CIRP) on 6 December 2023. The Board, at its meeting on 28 November 2025, approved extinguishment and reduction of existing equity share capital and the allotment of 12,500 fresh equity shares of Rs. 10 each to existing shareholders (excluding promoter and promoter group) in the ratio of 503 new shares for every 10,000 shares held. The record date for this purpose is 23 May 2025. The new shares will carry a fresh ISIN and will be tradable on BSE once renewed trading approval is obtained.
Existing shareholders (other than promoters) will see their holdings drastically reduced — only about 5.03% of their original share count will remain (503 new shares for every 10,000 held), reflecting the resolution plan's capital restructuring. Shareholders need to ensure their demat details are updated with the RTA to receive the new shares. The stock may see a one-time price adjustment reflecting the reduced share base once the new ISIN begins trading on BSE.