The company e-filed application in Form RSC-1 with the Hon'ble National Company Law Tribunal, Bengaluru Bench on September 11, 2026. This filing seeks sanction for the Proposed Reduction of Share Capital pursuant to Section 66 read with Section 52 of the Companies Act, 2013 and the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016.
This filing is in continuation of previous intimations dated July 16, 2026 (regarding Board of Directors approval) and August 25, 2026 (regarding Members approval) for the Proposed Reduction.
The Proposed Reduction involves utilization of ₹20,501.60 million out of the balance of ₹21,589.99 million standing to the credit of the Securities Premium Account of the Company. This amount will be used to fully set off its Accumulated Losses amounting to ₹20,501.60 million as on March 31, 2026.
The purpose of this reduction is to eliminate these accumulated losses from the company's books of account and present a true and fair view of its financial position.
The letter was signed by Udayan Shukla, Company Secretary & Compliance Officer (Membership No.: F11744) on behalf of WeWork India Management Limited.