Receives approval order of High Court
Tobu Enterprises has received a copy of order from the Hon'ble High Court of Delhi approving the Scheme of Reduction of Share Capital in terms of Section 100-104 of the Companies Act, 1956. The said scheme was proposed to wipe out all the accumulated losses of the Company.Pursuant to the proposed reduction, the paid up share capital of the Company will stand reduced to 90% as on the record date to be fixed by the Board of Directors in this regard.
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