Sikozy Realtors Share Capital Reduced by 90%

Sikozy Realtors Ltd has received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, sanctioning the Scheme of Reduction of Share Capital. The scheme, under Section 66 of the Companies Act, 2013, reduces the paid-up equity share capital from ₹4,45,83,000 (4,45,83,000 shares of ₹1 each) to ₹44,58,300 (44,58,300 shares of ₹1 each) by cancelling 4,01,24,700 equity shares. This 90% reduction is to adjust accumulated losses and rationalize the capital structure. Shareholding percentages remain unchanged as the reduction is proportionate, and no consideration is payable to shareholders. The scheme becomes effective upon filing the NCLT order with the Registrar of Companies.