Shree Securities Approves Capital Reduction & Consolidation Scheme
Shree Securities Limited's Board of Directors has approved a Scheme of Reduction of Capital and Consolidation, aimed at improving the company's financial position by eliminating accumulated losses and simplifying its capital structure. This scheme will set off accumulated losses against paid-up equity share capital, thereby restoring the Balance Sheet. The scheme is noted to fall under Regulation 37(6)(b) of SEBI (LODR) Regulations, 2015, which exempts schemes solely for writing off accumulated losses from the standard approval process. The shareholders also approved the scheme at the Annual General Meeting held on September 29, 2026. The company has submitted all necessary filings related to the Board meeting held on September 4, 2026.
Key Highlights
- Board and shareholders approved a capital reduction and consolidation scheme.
- Scheme aims to eliminate accumulated losses and simplify capital structure.
- Falls under SEBI LODR Regulation 37(6)(b) exemption for loss write-offs.
- Financial position improvement is the primary objective.
Price Impact
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