Ontic Finserve Board Approves Share Capital Reduction Scheme

Ontic Finserve Limited's Board of Directors has approved a Scheme of Arrangement for the reduction and consolidation of share capital under Section 66 of the Companies Act, 2013. This scheme aims to offset accumulated losses and improve the company's balance sheet, presenting a truer financial position. The approval is subject to shareholder, NCLT, and regulatory clearances. The Board also approved convening the Annual General Meeting on September 30, 2026, to seek shareholder approval for the scheme, and approved the Director's Report and Annual Report for FY ended March 31, 2026. The register of members and share transfer books will be closed from September 23 to September 30, 2025, for the AGM.