PFL Infotech Ltd. Board Approves Capital Reduction, Registered Office Relocation
PFL Infotech Ltd. announced several key decisions following a board meeting held on March 30, 2026. The board approved a reduction in paid-up share capital and a relocation of the company’s registered office.The board approved a reduction of paid-up share capital, subject to shareholder and NCLT approval. The reduction involves setting off Rs. 7,40,33,190 against accumulated losses of Rs. 7,84,55,000. This will reduce the company’s paid-up capital from Rs. 7,47,81,000, consisting of 74,78,100 fully paid-up equity shares, to Rs. 7,47,810, divided into 74,781 equity shares. Shareholders will receive one share for every 100 shares held.
Furthermore, the board approved the shifting of the registered office from the State of Telangana to the State of Maharashtra. This relocation is contingent on approvals from shareholders, the Central Government (Regional Director), and other relevant statutory authorities.
An Extraordinary General Meeting is scheduled for April 30, 2026, at 4:00 PM (IST) via video conferencing or other audio-visual means. The register of members and share transfer books will be closed from April 27, 2026, to April 29, 2026, inclusive. Mr. Soma Sekhar Marthi, Company Secretary in Practice, has been appointed as the scrutinizer for e-voting.
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