We hereby submit the outcome of Board Meeting held today i.e., 09th February, 2026 wherein the scheme of reduction of capital was approved by the Board of Directors of the Company subject ....
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Pasupati Fincap Ltd's board approved unaudited Q3 FY26 results showing a net loss of Rs. 8.05 lakhs on revenue of Rs. 3.62 lakhs, with 9M FY26 loss of Rs. 22.21 lakhs versus Rs. 31.58 lakhs in 9M FY25. The board also approved a scheme to reduce share capital by cancelling 44,65,000 equity shares (about 95% of total), bringing paid-up capital from Rs. 4.70 crore down to Rs. 23.50 lakhs, to set off accumulated losses of Rs. 5.29 crore. The reduction will be done on a pro-rata basis so shareholder percentages remain unchanged. The company also approved changing its name to 'Harmanshi Appliances Co Limited,' reflecting a shift in business focus, and called an EGM for March 12, 2026 to seek shareholder approval. Statutory auditor V.R. Bansal & Associates issued an unmodified (clean) limited review opinion.
The capital reduction is a balance-sheet cleanup, not a value transfer — shareholders will own the same percentage of a much smaller share base, so economic interest is unchanged. Continuing losses, a name change, and segment shift suggest the company is restructuring its business direction, which is a significant event for shareholders to monitor.