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Board of Fischer Chemic decides to reduce equity share capital

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Capital Market
Last Updated : Dec 21 2016 | 4:28 PM IST

At meeting held on 21 December 2016

Fischer Chemic announced that the Board of Directors of the Company at its meeting held on 21 December 2016 has decided to reduce the equity share capital of the Company from Rs 3.44 crore divided into 34,40,000 equity shares of Rs 10 each to Rs 17.20 lakh dividend into 1,72,000 equity shares of Rs 10 each and that such reduction be affected by cancelling of 32,68,000 equity shares of Rs 10 each amounting to Rs 3.26 crore in the existing paid up equity share capital against debit balance in profit and loss account.

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First Published: Dec 21 2016 | 3:55 PM IST

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