The company has announced a board meeting outcome approving a 99% reduction of its paid-up share capital due to accumulated losses, subject to shareholder approval at the upcoming AGM.

Post-reduction, the share capital will be approximately ₹6.02 lakh, comprising 60,221 fully paid equity shares.

The Board has authorized key officials to take all necessary steps, including regulatory filings.

Additionally, CA Bobby M. Vincent has been appointed as the internal auditor for the financial year 2025-2026, bringing over a decade of experience in auditing and compliance.

These moves aim to streamline the capital structure and strengthen governance.