NCLT Mumbai approves Sikozy Realtors' petition to reduce share capital by Rs 4.01 crore to write off accumulated losses.
Shareholders approved the reduction via special resolution with 99.38% votes in favor, canceling 4.01 crore equity shares.
The company confirmed no outstanding statutory dues, RERA applicability, or pending investigations against it.
Regional Director raised no objection after company addressed tax and regulatory concerns in its rejoinder.