StockWatch
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Specialty Chemicals
Corporate Action3 Jul 2026, 03:38 pm

Aarti Surfactants Approves NCRPS Redemption

AI Summary

Aarti Surfactants Ltd announced the outcome of its Board Meeting held on July 3, 2026. The board approved the redemption of 10,82,387 Non-Convertible Redeemable Preference Shares (NCRPS) at ₹167.70 per share, including a 4% annualized return over seven years. The redemption will be funded from the company's profits or retained earnings as of March 31, 2026. The 'Record Date' for determining eligible shareholders is July 21, 2026, with the payment date set for August 5, 2026. The board meeting was brief, lasting from 3:00 p.m. to 3:16 p.m.

Key Highlights

  • Board approved redemption of 10,82,387 NCRPS.
  • Redemption price set at ₹167.70 per share with 4% annualized return.
  • Redemption to be funded from profits/retained earnings.
  • Record date set for July 21, 2026; payment date August 5, 2026.