JD Orgochem - Updates
JD Orgochem Ltd has informed BSE that the Share Capital of the Company will be reduced by 90% as per the Scheme of compromise / Arrangements approved by the Hon’ble High Court, Bombay. The number of share will remain same as at present i.e. 1,32,50,000, but the face value of the shares is reduced from Rs 10/- each to Re 1/- each.
The present Issued Capital is - 1,32,50,000 Equity shares of Rs 10/- each = Rs 13,25,00,000/-
The reduce Issued Capital will be - 1,32,50,000 Equity Shares Re 1/- each = Rs 1,32,50,000/-
The Company will not issue fresh share certificates of Re 1/- each, but M/s. Sharepro Services (India) Pvt Ltd, the Registrars & Share Transfer Agent of the Company will send the stickers of face value of Re 1/- each with covering letters to all the shareholders holding shares in Physical form in accordance of number of share certificate they are holding.
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