
Corporate Action28 May 2026, 10:29 pm
Charms Industries Board Approves Q4/FY26 Results & Capital Reduction Allotment
AI Summary
Charms Industries Limited's Board of Directors approved the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2026, along with the Auditor's Report, which had an unmodified opinion. Concurrently, the Board approved the allotment of 1 equity share of Re. 1/- each for every 1 equity share of Rs. 10/- each to shareholders as of the record date, May 20, 2026. This action is pursuant to the Scheme of Capital Reduction, which became effective on April 21, 2026, reducing the paid-up capital from Rs. 4.10 Cr (41.06 lakh shares of Rs. 10) to Rs. 41.06 Lacs (41.06 lakh shares of Re. 1).
Key Highlights
- Board approved Audited Standalone Financial Results for Q4 and FY2026.
- Auditor's Report on financial results issued with an unmodified opinion.
- Approved allotment of 1 equity share of Re. 1/- for every 1 share of Rs. 10/-.
- Capital reduction changed face value from Rs. 10 to Re. 1 per share.
- Record date for capital reduction allotment was May 20, 2026.
Price Impact
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