Innocorp Board Approves Capital Reduction Scheme & 32nd AGM

Innocorp Limited's Board of Directors met on July 4th, 2026, approving a Scheme of Reduction of Capital under the Companies Act, 2013. This scheme aims to reduce paid-up equity share capital and utilize the Securities Premium Account to write off accumulated losses, subject to shareholder and NCLT approval. The board also approved the notice and Directors' Report for the 32nd Annual General Meeting (AGM), scheduled for August 8th, 2026. Additionally, a practicing company secretary was appointed as a scrutinizer for the AGM voting process, and statutory auditors were appointed. The re-appointment of two independent directors, Mr. Jineshwar Kumar Sankhala and Mr. Alapati Venkata Narasimha Rao, was also confirmed.