Sikozy Realtors Limited has announced a board meeting to consider a scheme for reduction of its equity share capital by cancelling 4.01 Cr shares of Rs. 1 each, reducing paid-up capital from Rs. 4.46 Cr to Rs. 0.45 Cr.

This move aims to write off Rs. 4.01 Cr of accumulated losses out of total losses of Rs. 6.04 Cr, reflecting a truer financial position and enabling future capital raising for business revival.

The reduction will not affect creditors or shareholding proportions.

The company will hold an Extraordinary General Meeting through video conferencing for shareholder approval and e-voting.