Pasupati Fincap Ltd. Recommends Share Capital Reduction, Plans Name Change, Appoints New Director
Pasupati Fincap Limited announced at a board meeting held on March 26, 2026, a proposal to reduce its share capital due to accumulated business losses. The board recommends a Scheme of Arrangement for the reduction, which will be presented for shareholder approval at an Extraordinary General Meeting (EGM). The scheme involves writing off accumulated losses against the share capital on a pro-rata basis for all shareholders.The company also approved a change of name from Pasupati Fincap Limited to Harmanshi Appliances Co. Limited, also subject to shareholder approval at the ensuing EGM.Mrs. Rakhi Sharma (DIN: 00333120) has been appointed...