StockWatch
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Residential- Commercial Projects
Corporate Action24 Sept 2026, 10:10 pm

Rajeswari Infrastructure: NCLT Order Triggers Share Restructuring

AI Summary

Rajeswari Infrastructure Limited has announced significant corporate actions following an NCLT order dated January 13, 2026. A record date of October 1, 2026, has been set for these changes. Key actions include the extinguishment of all existing promoter and promoter group equity shareholding without compensation. Public shareholders will experience a reconstitution of their holdings, involving a reduction and subsequent consolidation of shares. Specifically, existing shares of ₹10 face value will be reduced to ₹0.20 and then consolidated back to ₹10, resulting in one new share for every fifty existing shares held by public shareholders. Additionally, the Resolution Applicant, Mr. Guruswamy Ramamurthy, will subscribe to 10,10,116 fresh equity shares of ₹10 each, totaling ₹1,01,01,160.

Key Highlights

  • Promoter and promoter group shares to be fully extinguished.
  • Public shareholders to receive 1 new share for every 50 existing shares.
  • Resolution Applicant to subscribe to 10,10,116 new equity shares.
  • Record date set for October 1, 2026, for capital restructuring.
  • Actions are pursuant to an NCLT-approved Resolution Plan.