Sikozy Realtors Ltd — Board Meeting, 03-07-2025: Board Meeting

Sikozy Realtors Limited has announced a board meeting to approve a scheme for reducing its paid-up equity share capital by 90%, aimed at writing off accumulated past losses. This capital reduction will be subject to member approval at an upcoming Extra-Ordinary General Meeting to be held via video conferencing. The company received a confirmation from BSE stating that the scheme is exempt from certain regulatory requirements due to its nature of uniformly writing off losses against share capital. This move is intended to strengthen the company’s financial position and balance sheet.