Viksit Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/11/2025 ,inter alia, to consider and approve The extinguishment and reduction ....
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Viksit Engineering Ltd has informed BSE that its Board will meet on 28 November 2025 via video conferencing. The Board will consider extinguishment and reduction of the company's Equity Share Capital as required under an approved Resolution Plan. Following this reduction, the Board will also consider allotting the reduced shares back to existing shareholders in a proportionate manner. The move appears to be part of a structured corporate restructuring process rather than a routine corporate action.
Shareholders may see their shareholding restructured as old shares are extinguished and new shares are re-issued proportionally. This is typically a value-neutral event but may cause short-term volatility until the new capital structure is finalised.