- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Monitoring Committee has approved the extinguishment and reduction of share capital as part of the Resolution Plan sanctioned by the NCLT. The existing issued share capital, including equity and preference shares held by existing shareholders as of the record date on 21st February 2025, will be restructured. This involves the cancellation of all shares held by the previous promoters and a reconstitution of public shareholders' holdings. Post-restructuring, public shareholders will own 5% of the restructured capital, translating to 16,66,667 equity shares. This move signifies a significant shift in the company’s ownership structure, impacting investor fundamentals and potential future growth. Investors should monitor this development closely for its implications on share value and market position.
All announcements from Mcnally Bharat Engineering Company Limited