TRIDEV INFRAESTATES LIMITED Board Approves Key Actions for Share Capital Reduction
The Board of Directors of TRIDEV INFRAESTATES LIMITED, formerly Ashutosh Paper Mills Limited, approved significant steps related to its reduction of share capital during a meeting held on August 7, 2026.During the board meeting, the company took note of the certificate of registration issued by the Registrar of Companies (ROC) Delhi-I, dated August 4, 2026, which confirms the Reduction of Capital under Section 66 of the Companies Act 2013.
In a subsequent decision, the Board fixed Tuesday, August 18, 2026, as the record date. This date is designated for determining the entitlement of equity shareholders whose shares are subject to the reduction of share capital, pursuant to the order received from the National Company Law Tribunal and the Certificate of Registration.
To ensure the successful completion of this corporate process, the Board also authorized Skyline Financial Services Private Limited, the registrar and share transfer agent, along with Mr. Atul Kumar Agarwal, a Director of the company, to manage the necessary corporate action. This authorization covers procedures involving NSDL, CDSL, BSE Limited, and other statutory authorities related to the implementation of the reduction of share capital.
The Board meeting commenced at 11:50 AM and concluded at 12:20 PM.
Stock Price Movement
At the close of trade on Thursday, Ashutosh Paper Mills Ltd settled at ₹6.00, registering zero percent change for the day. The stock remained completely flat throughout trading as its high and low were locked at that ₹6.00 level.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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