StockWatch
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Plastic Products - Industrial
Corporate Action7 Aug 2026, 04:52 pm

Bloom Dekor Approves Equity Capital Reduction and Reorganisation

AI Summary

Bloom Dekor Ltd's Board of Directors has approved a significant reduction and reorganisation of its equity share capital, following a resolution plan sanctioned by the Hon'ble National Company Law Tribunal (NCLT) on June 18, 2026. The plan involves reclassifying several promoter group individuals and entities to the public category. Additionally, the company has approved a share consolidation scheme: shareholders with over 250 shares will receive one new share for every 250 held, while those with 250 or fewer shares will receive one new share. The company also approved the allotment of new equity shares to a new promoter and strategic investors as part of the resolution plan funding and debt conversion. The Record Date for these changes was July 31, 2026.

Key Highlights

  • Equity capital reduction and reorganisation approved by the Board.
  • Promoter group reclassified to public category.
  • Share consolidation ratio set for existing shareholders.
  • New equity shares to be allotted to new promoter and investors.
  • Action taken pursuant to NCLT-approved resolution plan.