IMEC Services Ltd

The Board of Directors of the Company at its meeting held today i.e. Thursday May 04 2023 at Indore have approved and taken on record the undermentioned item for giving effect to the Reduction of Share Capital and Allotment of new equity shares:The allotment of 1900000 (Nineteen Lacs) Equity Shares of Rs. 10/- each (Rupees Ten only) by cancelling and extinguishing Rs. 480957010/- (Rupees Forty Eight Crore Nine Lacs Fifty Seven Thousand Ten Only) consisting of 48095701 (Four Crore Eighty Lac Ninety Five Thousand Seven Hundred One) fully paid up equity shares of Rs. 10/- (Rupees Ten only) each as on Record Date i.e. April 21 2023 to ascertain the name of shareholders entitled for 5 (Five) equity shares of Rs.10/- each of the Company against holding of their existing 132 (One Hundred and Thirty-Two) equity shares of Rs. 10/- each of the Company as per the Observation Letter - DCS/AMAL/PB/R37/2007/2021-22 dated July 23 2021 received from BSE Limited.