Corporate Action7 May 2026, 03:07 pm
Charms Industries: Record Date Fixed for Capital Reduction
AI Summary
Charms Industries Ltd has fixed Wednesday, May 20, 2026, as the record date for the reduction of its paid-up equity share capital. The decision was made during a Board of Directors meeting held on May 7, 2026. The company is reducing its share capital from ₹4,10,61,000 with a face value of ₹10 per share to ₹41,06,100 with a face value of ₹1 per share, effectively reducing the value by ₹9 per share. The company will safeguard the interests of creditors, stakeholders, and government revenue during the capital reduction.
Key Highlights
- Charms Industries sets May 20, 2026, as record date for capital reduction.
- Paid-up share capital reduced from ₹10 to ₹1 per share.
- Reduction approved as per SEBI regulations and shareholder approvals.
- Company to safeguard interests of creditors and stakeholders.
Price Impact
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