| Resolution Plan- Reduction of Equity Share Capital of KANEL INDUSTRIES LIMITED (Scrip Code: 500236) |
Trading members of the Exchange are hereby informed that, KANEL INDUSTRIES LIMITED has fixed Record Date for the purpose of Reduction of Share Capital of the Company as per the Resolution Plan approved vide Order passed by the Hon’ble National Company Law Tribunal, Ahmedabad Bench:-
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COMPANY NAME & CODE
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RECORD DATE
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PURPOSE
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No Dealings/ Suspension w.e.f.
Date/Settlement No.
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KANEL INDUSTRIES LIMITED
(500236)
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19/11/2024
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Reduction of Share Capital of the Company:-
As per the Resolution Plan approved by Hon’ble National Company Law Tribunal, Ahmedabad Bench:-
(1 ) All shares presently held by the Promoters and each shareholder holding not more than 1000 shares shall stand cancelled.
( 2 ) The aggregate number of Shares held by all shareholders holding more than 1000 shares shall stand reduced to 7,87,500 shares i.e. Each Shareholder holding more than 1000 shares shall be allotted reduced shares in proportion of their shareholding in such a way that the aggregate number of shares so issued and allotted becomes 7,87,500.
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19/11/2024
DR- 760/2024-2025
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Please note that currently due to GSM and IRP, weekly trading on first trading of the week is permitted in the equity shares of the Company. Trading in the equity shares of the Company will remain suspended on and from 19.11.2024 due to corporate action, till further notice.
Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Senior Manager –Listing Operations (CRD)
November 18, 2024 |