On 10 July 2015
Chitradurga Spintex announced that the Hon'ble High Court Judicature at Bengaluru, Karnataka in connection with Company Petition No. 62 of 2015 pursuant to Section 100 to 104 of Companies Act, 1956 approved the reduction of capital of the Company vide its Order dated 10 July 2015.Pursuant to which the equity share capital of Company will be reduced from 46,10,300 equity shares of Rs. 10 each aggregating Rs. 4,61,03,000 to 4,61,030 equity shares of Rs. 10 each aggregating to Rs. 46,10,300. Accordingly an amount of Rs. 4,14,92,700 will be reduced from the equity share capital by setting it off against the accumulated losses of the Company.
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