Business Update23 Mar 2026, 07:47 pm
Fractal Analytics Subsidiary, Senseforth AI Research, Reduces Equity Share Capital by Rs. 23,65,00,200
AI Summary
Fractal Analytics Ltd, in accordance with the final and rectified order dated September 03, 2025 and September 23, 2025 respectively, passed by the Hon’ble National Company Law Tribunal (NCLT), Mumbai, has reduced the issued, subscribed, and paid-up equity share capital of its subsidiary, Senseforth AI Research Private Limited. The equity share capital of Senseforth has been reduced from Rs. 26,27,88,470 to Rs. 2,62,88,270 by extinguishing in aggregate 2,36,50,020 fully paid-up equity shares of Rs. 10 each, amounting to Rs. 23,65,00,200. This capital reduction is in compliance with Section 66 of the Companies Act, 2013, and exceeds the materiality thresholds of the Company.
Key Highlights
- Fractal Analytics subsidiary, Senseforth AI Research, reduces equity share capital by Rs. 23,65,00,200
- Reduction from Rs. 26,27,88,470 to Rs. 2,62,88,270 by extinguishing 2,36,50,020 equity shares
- Compliance with Section 66 of the Companies Act, 2013
- Exceeds the materiality thresholds of the Company
- Change in shareholding pattern: Fractal Analytics Limited holds 26,28,824 Equity shares and Mr. Srikanth Velamakanni holds 3 Equity shares post capital reduction