Key Decisions Approved

  • Scheme of Reduction of Capital under Section 66 of Companies Act, 2013 approved by Board of Directors
  • Notice for convening Annual General Meeting for Financial Year 2025-26 approved

Capital Reduction Details

Quantitative Impact:

  • Current paid-up equity share capital: ₹2,05,01,600 divided into 1,02,50,800 equity shares of ₹2 each
  • Proposed cancellation: 56,37,940 equity shares on pro-rata basis
  • Post-reduction capital: ₹92,25,720 divided into 46,12,860 equity shares of ₹2 each
  • Amount set off against accumulated losses: ₹1,12,75,880 out of total accumulated losses of ₹1,22,41,849

Share Consolidation:

  • Post-reduction face value consolidation from ₹2 to ₹10 per share
  • Every 5 equity shares of ₹2 each will consolidate into 1 equity share of ₹10 each
  • Final capital structure: 9,22,572 equity shares of ₹10 each
  • Fractional entitlements rounded off to nearest whole share

Promoter Contribution:

  • Mr. Venkata Rama Mohan Raju Jampana (Promoter) will forgo shares resulting from rounding off adjustments
  • This maintains final paid-up capital at exactly ₹92,25,720 divided into 9,22,572 equity shares of ₹10 each

Shareholding Impact

  • Post-reduction shareholding percentages remain unchanged for all shareholders
  • No change in relative ownership percentages
  • No special benefits accrue to promoter/promoter group/group companies

Rationale and Purpose

  • Realign and reorganize equity capital structure to better reflect current capital base
  • Set off past years' accumulated losses to present true and fair view of financial position
  • Improve net worth and financial ratios of the Company
  • Simplify capital structure while maintaining economic interests of existing shareholders

Approval Requirements

  • Subject to shareholder approval through upcoming AGM
  • Requires approval from Hyderabad Bench of National Company Law Tribunal (NCLT)
  • Subject to other statutory and regulatory approvals as required

Document Availability

  • Scheme will be made available on company website after filing with BSE Limited

Meeting Details

  • Board meeting held on 31.08.2026 at 4:00 p.m. at Registered Office
  • Meeting concluded at 4:30 p.m.