Key Events and Timeline

  • September 24, 2026: National Company Law Tribunal (NCLT), New Delhi approved the reduction of 343,948 equity shares of C&S Electric Limited
  • October 26, 2026: Registrar of Companies, New Delhi issued "Certificate of Registration of Order Confirming Reduction of Share Capital"
  • October 26, 2026, 6:39 PM: Siemens Limited received intimation from C&S Electric about ROC certificate receipt

Capital Reduction Details

  • Shares Reduced: 343,948 equity shares with face value of ₹10 each
  • Percentage Reduced: 0.78% of total issued, subscribed and paid-up equity share capital
  • Consideration: ₹1,016.10 per equity share paid to Specified Shareholders (minority shareholders excluding Siemens Limited)
  • Pre-reduction shareholding: Siemens Limited held 99.22% of C&S Electric paid-up equity share capital
  • Post-reduction shareholding: Siemens Limited now holds 100% of C&S Electric, making it a wholly owned subsidiary

Share Capital Changes

  • Previous Capital: 44,268,062 equity shares of ₹10 each fully paid up
  • New Capital: 43,924,114 equity shares of ₹10 each fully paid up
  • Reduction Amount: 343,948 equity shares cancelled and extinguished

Regulatory Framework

The capital reduction was executed under:

  • Section 66(5) of the Companies Act, 2013
  • Rule 6(3) of the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Purpose and Impact

  • Reason for restructuring: To provide exit route to minority shareholders of unlisted entity C&S Electric and aid in ease of administrative operations
  • Benefit to promoter/group companies: Disclosed as "Nil"
  • Financial impact: Consideration of ₹1,016.10 per share paid to minority shareholders for 343,948 shares

Effective Date

The capital reduction became effective from October 26, 2026, upon issuance of the ROC certificate.