Valecha Engineering Limited has fixed 06.12.2024 as the record date for the cancellation and extinguishment of all existing ordinary equity shares.

Following this, fresh equity shares will be issued to existing public shareholders (excluding promoters), with the structure allowing shareholders with less than 50 shares to receive one new share, and those holding more will acquire one share for every 50 shares held.

Following this transaction, public shareholders will hold 5% of the company, while the resolution applicant will hold 95%.