
Corporate Action30 Jun 2026, 04:40 pm
Suryalakshmi Cotton Mills Redeems ₹2 Cr Preference Shares
AI Summary
Suryalakshmi Cotton Mills Ltd has announced the redemption of 2,00,000 5% Non-Cumulative Redeemable Preference Shares, each with a face value of ₹100, totaling ₹2,00,00,000. This redemption was executed on June 30, 2026, utilizing the company's profits and adhering to the Companies Act, 2013, and the terms of issue for these preference shares. Following this action, the redeemed preference shares are now extinguished as of the redemption date. This disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Company redeemed 2,00,000 preference shares.
- Total redemption value amounts to ₹2,00,00,000.
- Redemption funded from company profits.
- Preference shares are now extinguished.
- Disclosure made under SEBI LODR Regulations.
Price Impact
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