StockWatch
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Specialty Chemicals
Corporate Action15 Apr 2026, 05:21 pm

Omkar Speciality fixes record date for share extinguishment

AI Summary

Omkar Speciality Chemicals Ltd has fixed April 29, 2026, as the record date for the extinguishment/cancellation of its paid-up share capital. This action applies to all equity shares of INR 10 each held by both existing promoters and promoter groups, and existing public shareholders. The decision was made by the Company's Monitoring Committee on April 15, 2026, and is in accordance with a Resolution Plan approved by the National Company Law Tribunal (NCLT), Mumbai bench, via an order dated July 31, 2025. The company was admitted into CIRP on December 5, 2022. This corporate action is a significant step in the company's insolvency resolution process.

Key Highlights

  • Record date for share extinguishment is April 29, 2026.
  • All equity shares held by promoters and public will be cancelled.
  • Action follows NCLT-approved resolution plan from July 31, 2025.
  • This is a significant step in the company's insolvency process.