StockWatch
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Other Financial Services
AGM/EGM9 Sept 2026, 06:10 pm

Ontic Finserve: Revised AGM Notice for Sep 30, 2026

AI Summary

Ontic Finserve Ltd has issued a revised notice for its Annual General Meeting (AGM) scheduled for September 30, 2026. The meeting will address ordinary business, including the adoption of audited financial statements for FY 2025-2026. A key item of special business is the proposed reduction and consolidation of the company's share capital. This involves reducing the equity share capital from ₹9,00,03,000 to ₹90,00,300 by cancelling 8,10,02,700 equity shares, with the amount utilized to set off accumulated losses. Subsequently, the remaining capital will be consolidated into 9,00,030 equity shares of ₹10 each.

Key Highlights

  • AGM scheduled for September 30, 2026, to adopt FY26 financials.
  • Proposal to reduce share capital by ₹8.10 Cr to offset losses.
  • Equity share capital to be reduced from ₹9 Cr to ₹90 Lakhs.
  • Consolidation of post-reduction capital into shares of ₹10 face value.
  • Shareholder approval required for capital reduction and consolidation.