Saptak Chem and Business Limited has announced receiving an order from the National Company Law Tribunal (NCLT), Ahmedabad Bench, approving a scheme of capital reduction.

This involves reducing its issued, subscribed, and paid-up equity share capital from Rs. 10.73 Cr divided into 1.07 crore shares of Rs. 10 each to Rs. 1.07 Cr divided into 10.73 lakh shares of Rs. 10 each by cancelling 90% of its total equity shares.

This move significantly decreases the company's paid-up capital, impacting shareholder structure and financial metrics.