GoldCoin Health Foods Limited has announced a board meeting to consider an application for reducing its share capital.

The company plans to cut its paid-up capital from Rs. 3.00 crore (30,00,900 shares of Rs.10 each) to Rs. 1.50 crore by converting shares to Rs. 5 each and then consolidating two Rs. 5 shares into one Rs. 10 share, resulting in 15,00,450 equity shares.

The reduction aims to optimize the capital structure, and the list of creditors is available for inspection.

Creditors may raise objections within three months; otherwise, their claims will be treated as correct.

This move could improve balance sheet efficiency and shareholder value.