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

Image
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.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

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

Next Story