Keynote Financial Services Limited has approved a Scheme of Selective Capital Reduction, permitting a reduction of its subscribed and paid-up equity share capital from ₹7.01 crore to ₹5.56 crore.

This involves the cancellation of approximately 20.68% of equity shares held by Keynote Trust without any payment.

The approval from the National Company Law Tribunal (NCLT) allows for a leaner balance sheet and better representation of the shareholding structure, enhancing opportunities for future dividends and potential capital market activities.

Investors might view this as a step toward improved financial flexibility and share value alignment.