The Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench approved the Scheme of Reduction of Share Capital vide order dated 18th June, 2026.
The company filed a certified true copy of the NCLT Order along with the Form of Minute with the Registrar of Companies (ROC) in E-form INC-28 pursuant to Section 66(5) of the Companies Act, 2013.
The Registrar of Companies, Mumbai registered the NCLT Order and Form of Minute, issuing the Certificate of Registration of Order of NCLT and Minute dated 2nd July, 2026.
Financial Impact and Capital Structure Changes
Reduction Mechanism: 90% reduction of paid-up equity share capital on a proportionate basis
Pre-reduction Capital: ₹4,45,83,000 comprising 4,45,83,000 equity shares of Re.1 each
Post-reduction Capital: ₹44,58,300 comprising 44,58,300 equity shares of Re.1 each
Reduction Amount: ₹4,01,24,700
Utilization of Reduction Amount: Entire amount utilized towards adjustment of accumulated losses of the company
Purpose: To rationalize the capital structure and write off accumulated losses
Effective Date and Documentation
NCLT Order Date: 18th June, 2026
ROC Registration Date: 2nd July, 2026
Certificate Received Date: 2nd July, 2026 (as per ROC certificate)
Company Intimation Date: 3rd July, 2026
The special resolution for capital reduction was passed on 8th August, 2025
