Shree Securities Ltd: Board Approves Capital Reduction & Consolidation Scheme
Shree Securities Ltd announced that its Board of Directors has approved a Scheme of Reduction of Capital and Consolidation. This scheme was subsequently approved by the shareholders at the Annual General Meeting (AGM) held on September 29, 2026. The company also confirmed the appointment of M/s. Sunit M Chhatbar & Co. as Statutory Auditors for a term of five years, from the conclusion of the 33rd AGM until the 38th AGM. Additionally, the shareholders approved the Board's authority to advance loans, provide guarantees, or offer securities under Section 185 of the Companies Act, 2013, up to an aggregate limit of sixty percent of its paid-up share capital, free reserves, and securities premium account, or one hundred percent of its free reserves.
Key Highlights
- Board and shareholders approved a capital reduction and consolidation scheme.
- Statutory Auditors appointed for a five-year term.
- Shareholders authorized loans/guarantees to subsidiaries/associates.
- AGM held on September 29, 2026, transacted key business.
- Financial statements for FY26 were adopted.
Price Impact
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