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Board of Shree Precoated Steels takes on record NCLT approval for capital reduction

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Capital Market
Last Updated : Oct 17 2019 | 6:50 PM IST

At meeting held on 17 October 2019

The Board of Shree Precoated Steels at its meeting held on 17 October 2019 has taken on record the Capital Reduction Order passed by Hon' ble NCLT, Mumbai approving the Capital reduction of fully paid up Equity capital by 95% and in order to execute the same, the Company has fixed the record date as 31 October 2019.

Accordingly, with effect from the record date, the existing issued, subscribed and fully paid-up Share Capital of the Company shall be reduced by the 95% of its paid-up Equity Shares Capital of the Company and the Shareholders revised holding shall be credited by corporate action post record date.

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First Published: Oct 17 2019 | 6:32 PM IST

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