Charms Industries Ltd — Dividend/Bonus, 07-05-2026: Corp. Action

Charms Industries has fixed a record date for the reduction of its equity share capital, following a court approval. This move aims to present a more realistic share valuation and address accumulated losses, thereby improving the balance sheet. The company's paid-up equity capital will be reduced from 4.11 Cr (41.06 lakh shares of Rs. 10 each) to 0.41 Cr (41.06 lakh shares of Re. 1 each). A capital reserve of 0.31 Cr will also be cancelled. Shareholders will receive one Re. 1 share for each Rs. 10 share they currently hold, with no cash payout involved.