Investment25 Feb 2026, 03:32 pm
Gujarat Poly Electronics Ltd Redeems 9,81,500 Preference Shares of Rs. 100/- Each
AI Summary
Gujarat Poly Electronics Ltd has announced the redemption of 9,81,500 unlisted 2% Non-Cumulative Redeemable Preference Shares of face value of Rs. 100/- each. The shares were held by Polychem Limited, a promoter. The redemption was made out of the profits of the company, amounting to a total of Rs. 9,81,50,000/-. The company has deducted TDS @0.1% from the redemption amount. This redemption has led to a reduction in the preference share capital of the company to NIL.
Key Highlights
- Gujarat Poly Electronics Ltd has redeemed 9,81,500 unlisted 2% Non-Cumulative Redeemable Preference Shares
- The shares were held by Polychem Limited, a promoter
- The redemption was made out of the profits of the company, amounting to a total of Rs. 9,81,50,000/-
- TDS @0.1% has been deducted from the redemption amount paid to the Preference Shareholder
- The preference share capital of the company now stands at NIL