NCLT Kolkata approves Royal Securities Ltd's petition to reduce securities premium by ₹51.36 crore to adjust a deficit in capital reserve arising from a past merger.
The reduction is a book entry that won't affect shareholding or the company's ability to meet its obligations to creditors, who provided no-objection affidavits.
The company, an RBI-registered NBFC, affirmed it will comply with all RBI provisions and that the order does not preclude income tax authority scrutiny.