Sikozy Realtors Reduces Equity Capital by ₹4.01 Cr to Offset Losses

Sikozy Realtors Ltd's Board of Directors has approved a significant reduction in its equity share capital, as sanctioned by the Hon'ble NCLT. The company will reduce its issued, subscribed, and paid-up equity share capital from ₹4,45,83,000 to ₹44,58,300 by cancelling 4,01,24,700 equity shares. This move aims to reduce accumulated losses by ₹4,01,24,700, setting off a portion of the total accumulated loss of ₹6,03,74,113. The reduction became effective upon registration with the Registrar of Companies (ROC) on July 2, 2026. A record date of July 22, 2026, has been fixed for this corporate action. Fractional shares will be consolidated and managed by an appointed person who will sell them in the market and distribute proceeds to entitled shareholders.