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The Board has fixed the record date as 29.11.2024 for significant corporate actions, including the complete extinguishment of shares held by the erstwhile promoters and promoter group. For public shareholders, the current face value of existing shares will be reduced from ₹1 to ₹0.04, followed by a consolidation of 25 shares into one share valued at ₹1. Any fractional shares will be credited to a Trust demat account opened by the company.
The unaudited financial results for the quarter and half-year show a loss of ₹5.03 crore, primarily due to operational inactivity, while revenues were generated from the sale of existing stock.