NCLT Approves Charms Industries Ltd's Capital Reduction and Capital Reserve Scheme

Charms Industries Ltd has received approval from the National Company Law Tribunal (NCLT) for the reduction of its share capital and capital reserve. The company's existing paid-up Equity Share Capital of INR. 4,10,61,000/- divided into 41,06,100 Equity Shares of INR. 10/~ each fully paid up, will be reduced to INR. 41,06,100/- divided into 41,06,100 Equity Shares of INR. 1/- each fully paid. The capital reserve account of INR. 31,46,530/- will also be cancelled. This decision follows the approval of the company's shareholders in the Annual General Meeting held on September 23, 2024.