Omkar Overseas to Hold EGM for Capital Reduction on July 27

Omkar Overseas Limited has announced an Extra-Ordinary General Meeting (EGM) for its members, scheduled for July 27, 2026. The meeting will be conducted via Video Conferencing and will focus on approving a scheme of arrangement for the reduction of share capital. This reduction involves cancelling unpaid equity shares and a significant portion of the fully paid-up equity capital to adjust against the company's debit balance in the Profit and Loss account. The proposed capital reduction aims to restructure the company's share capital, with no consideration payable to shareholders for the cancelled shares. The EGM is convened pursuant to an order from the National Company Law Tribunal, Ahmedabad Bench.