Boston Commerce Board Approves Capital Reduction Scheme

BSE Symbol

BOSTON

Board Meeting Details

The Board of Directors meeting was held on Thursday, 5th June, 2026, commencing at 5:30 P.M. and concluding at 6:30 P.M.

Key Resolution

1. The Board recommended initiation of the process for formulating a Scheme for confirmation and write-off of certain not readily realisable assets of the Company.

2. The Scheme is subject to approval of shareholders and requisite statutory and regulatory approvals.

3. The detailed Scheme is under preparation and shall be placed before shareholders for approval upon finalization.

4. The Board approved the initiation of the process and authorized the management to take necessary actions in this regard.

Subsequent Approval

The Board of Directors subsequently approved the initiation of Scheme of Capital Reduction for further consideration and approval by the Shareholders at an Extraordinary General Meeting to be scheduled.

Financial Impact

Financial impact not quantified in the disclosure. The scheme involves write-off of not readily realisable assets, but specific amounts are not provided.