Gold Coin Health Foods Ltd — Important, 01-11-2025: Company Update
01-11-2025 | 07:07 pm
01-11-2025 | 07:07 pm
Goldcoin Health Foods Limited has received approval from the National Company Law Tribunal (NCLT) to reduce its share capital. This restructuring will decrease the paid-up share capital from Rs 3.00 crore to Rs 1.50 crore by reducing the face value of each equity share from Rs 10 to Rs 5. Subsequently, 2 shares of Rs 5 will consolidate into 1 share of Rs 10, resulting in 15.00 lakh shares. The reduction aims to write off accumulated losses of Rs 1.50 crore, improving the company's financial position and simplifying its capital structure without affecting net worth or shareholder percentages.
No comments yet. Be the first to comment!
