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NCLT approves Burnpur Cement's capital reduction scheme
Cement

NCLT approves Burnpur Cement's capital reduction scheme

The National Company Law Tribunal (NCLT), Kolkata, has approved Burnpur Cement's scheme for the reduction of capital, as outlined in an exchange filing by the company under Section 66 of the Companies Act, 2013. The scheme reduces its equity share capital from Rs.861 million (mn) to Rs....

The National Company Law Tribunal (NCLT), Kolkata, has approved Burnpur Cement's scheme for the reduction of capital, as outlined in an exchange filing by the company under Section 66 of the Companies Act, 2013. The scheme reduces its equity share capital from Rs.861 million (mn) to Rs.172.2 mn. The move aims to optimise the capital structure. The order specifies that the capital reduction will not affect any ongoing actions by government. Burnpur Cement will file the order with the Registrar of Companies (RoC) in e-form INC-28. Contact: Burnpur Cement Tel: (33) 2262 3167 Email: [email protected] Website: www.burnpurcement.com

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