Burnpur Cement Limited — Others, 04-11-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Burnpur Cement Limited's capital reduction scheme has been approved, reducing its issued, subscribed, and paid-up equity share capital from ₹86.12 crore to ₹17.22 crore. This involves decreasing the paid-up value of shares from ₹10 to ₹2 each, with every five shares consolidated into one ₹10 share. This move addresses the company’s accumulated losses, improving its financial position, while ensuring all pre-scheme shareholders retain their proportionate ownership.