Boston Commerce Ltd Board Approves Schemes for Asset Write-Off and Capital Reduction
Boston Commerce Ltd has approved the initiation of two significant schemes following a Board of Directors meeting held on June 5, 2026. The resolutions concern both the write-off of certain assets and a capital reduction plan.The Board approved the process to formulate a Scheme for confirmation and write-off of specific not readily realisable assets belonging to the company. While the detailed scheme is still under preparation and will be presented to shareholders upon finalization, the management has been authorized to take necessary actions regarding this initiative.
Furthermore, the Directors also approved the initiation of a Scheme of Capital Reduction. This plan requires further consideration and approval by Shareholders at an Extraordinary General Meeting (EGM) that will be scheduled subsequently.
The outcomes of these matters were decided during the Board meeting held on Thursday, June 5, 2026.
Stock Price Movement
Boston Commerce Ltd. shares closed Friday at ₹6.93, marking a 1.98% decline from previous close. The stock traded completely flat throughout the day, with its intraday high and low both recorded at ₹6.93.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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