Sikozy Realtors Completes Capital Reduction Following NCLT Sanction
Sikozy Realtors Ltd has completed a significant restructuring of its capital following the sanctioning of a Scheme of Reduction of Share Capital by the National Company Law Tribunal (NCLT), Mumbai Bench. The reduction aims to write off accumulated losses and rationalize the company's financial structure.The NCLT Order, pronounced on 18 June, 2026, approved the capital reduction scheme, which was subsequently received by the company on 19 June, 2026. This action falls under Section 66 of the Companies Act, 2013.
The Scheme involves reducing the paid-up equity share capital to adjust for accumulated losses. The company is undertaking the reduction to write off these losses and streamline its capital structure.
Capital Structure Transformation Details
The financial details of the capital reduction are as follows:| Particular | Before Reduction | After Reduction |
|---|---|---|
| Paid-up Equity Share Capital (Amount) | Rs 4,45,83,000 | Rs 44,58,300 |
| Total Equity Shares of Rs 1 each | 4,45,83,000 | 44,58,300 |
| Reduction Amount Utilized for Losses | Rs 4,01,24,700 |
As part of the Scheme, 4,01,24,700 equity shares of Rs. 1 each were cancelled and extinguished on a proportionate basis. This action facilitated the writing off of an equivalent amount from the company's accumulated losses, which stood at Rs 6,03,74,113/- on the relevant date.
The reduction was undertaken to ensure that there is no change in the percentage shareholding for any shareholder upon the implementation of the Scheme. Furthermore, no consideration is payable to the shareholders as part of this capital reduction process.
Stock Price Movement
Sikozy Realtors Ltd shares closed on Friday, edging higher after settling at ₹1.73, marking a 4.85% gain. The stock moved within an intraday range, testing a low of ₹1.61 and reaching its high at ₹1.73.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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