StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action27 Aug 2026, 07:10 pm

Sunshine Capital Consolidates Equity Shares: ₹1 to ₹10 Face Value

AI Summary

Sunshine Capital Ltd announced a board resolution to consolidate its equity shares. The face value of existing equity shares of ₹1 each will be consolidated into shares with a face value of ₹10 each. This proposal requires approval from the company's members at the upcoming Annual General Meeting and any other necessary statutory or regulatory approvals. The company also approved the alteration of the Memorandum of Association's capital clause to reflect this consolidation. The board meeting was held on August 27th, 2026.

Key Highlights

  • Board approved consolidation of equity shares from ₹1 to ₹10 face value.
  • Shareholder approval required at the upcoming Annual General Meeting.
  • Alteration of Memorandum of Association's capital clause approved.
  • This corporate action aims to streamline share structure.