Ashutosh Paper Mills has informed that the National Company Law Tribunal (NCLT), New Delhi Bench (Court-II) in the matter of Tridev Infraestates has confirmed the Reduction of Share Capital of the Company vide its order for Company Petition No. (Companies Act) 45/ND/2025 dated June 30, 2026. Further, upon the scheme coming into effect, the issued and paid-up share capital of the Company will be reduced by 50% on proportionate basis. Accordingly, the paid-up value of each equity share of the Company will be reduced from Rs 10 per share to Rs 5 per share. Simultaneously, upon reduction in issued and paid-up value of equity shares of the Company from Rs 10 to Rs 5 per equity share and in terms of section 61 of the Companies Act 2013 and other applicable provisions, if any, every two equity shares of Rs 5 each will be consolidated into one equity share of Rs 10 each fully paid up. Accordingly, the total issued and paid-up Equity Share Capital of the Company shall be reduced from Rs 6,52,54,000 divided into 65,25,400 Equity shares of Rs 10 each fully paid-up to Rs 3,26,27,000 divided into 32,62,700 Equity shares of Rs 10 each fully paid-up. A copy of order dated 30th June 2026 passed by NCLT is attached.
The above information is a part of company's filings submitted to BSE.
