Withdrawing the proposal for record date for reduction of capital
Awaiting price reaction for this filing.
Fenoplast Limited (Scrip Code: 526689) has informed BSE that it is withdrawing, for the time being, its earlier proposal to fix a record date for the reduction of its equity share capital. This earlier proposal, dated 11.03.2026, was linked to a Resolution Plan approved by the NCLT Hyderabad Bench on 22.01.2025. The withdrawal follows a communication from BSE dated 19.03.2026, suggesting the exchange had raised queries or objections. The company has stated it will keep the exchange informed of any further developments in this matter.
The planned capital reduction is on hold, meaning shareholders' shareholdings remain unchanged for now. This introduces short-term uncertainty about the company's capital structure plans and could weigh on sentiment until clarity emerges on next steps.