Harig Crankshafts Ltd

HARIG CRANKSHAFTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/07/2024 inter alia to consider and approve 1. Extinguishment of entire Equity Shares held by (erstwhile) promoters and promoter group of the Company as on the record date (i.e. July 03 2024) without any payout; 2. Reduction/Cancellation of 95% Equity Shares held by public shareholders as on the Record Date (i.e. July 03 2024) without payment of any consideration and re-issue of 525000 Equity Shares of INR10/- each to the eligible public shareholders in proportion to their shareholding as on record date;3. Issue and allotment of 10500000 (One Crore Five Lakhs) Equity shares of the Company of INR 10/- each amounting to INR 105000000/- (Rupees Ten Crores Fifty Lakh Only);pursuant to the resolution plan approved by Honble NCLT vide its Order dated April 17 2024.The record date fixed for the purpose of determining the eligibility of shareholders so as to extinguish their existing shareholding and for the purpose of issuance of new shares is changed from Wednesday July 3 2024 to Friday July 12 2024.