
Corporate Action8 Jul 2026, 05:20 pm
Sikozy Realtors: NCLT Approves Equity Share Capital Reduction
AI Summary
Sikozy Realtors Ltd announced that its Board of Directors has taken on record the Hon'ble NCLT's order dated June 18, 2026, sanctioning the Scheme of Arrangement for the Reduction of Equity Share Capital. The company's issued, subscribed, and paid-up equity share capital will be reduced from ₹4,45,83,000 to ₹44,58,300 by cancelling 4,01,24,700 equity shares to reduce accumulated losses. The Registrar of Companies (ROC) has registered the NCLT order and minutes. The record date for this reduction has been fixed as July 22, 2026. Fractional shares will be consolidated and sold, with proceeds distributed proportionally.
Key Highlights
- NCLT order sanctioning equity share capital reduction taken on record.
- Equity capital reduced from ₹4.45 Cr to ₹44.58 Lakhs.
- 4.01 Cr shares to be cancelled to reduce accumulated losses.
- Record date set for July 22, 2026.
- Fractional shares to be sold, proceeds distributed.
Price Impact
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