Description

NCLT Ahmedabad approved reduction of equity share capital through face value reduction from Rs.10 to Rs.5 followed by 2:1 share consolidation, with record date November 27, 2025.

Summary

Gold Coin Health Foods Ltd (Scrip Code: 538542) will undergo a two-stage equity share capital reduction as approved by the Hon’ble National Company Law Tribunal, Ahmedabad. Stage 1 reduces face value from Rs.10 to Rs.5 per share, followed by Stage 2 which consolidates 2 shares of Rs.5 each into 1 share of Rs.10 each. Trading in the company’s equity shares will be suspended from November 27, 2025 (Settlement No. DR-765/2025-2026). The total paid-up capital remains Rs.1,50,04,500 but total shares reduce from 30,00,900 to 15,00,450.

Key Points

  • NCLT Ahmedabad Division Bench has approved the capital reduction scheme
  • Two-stage restructuring: First stage reduces face value Rs.10 to Rs.5, second stage consolidates 2:1
  • Record date fixed as November 27, 2025
  • Trading suspension effective from November 27, 2025 (Settlement DR-765/2025-2026)
  • Conversion ratio: 2 equity shares of Rs.5 each for every 1 equity share of Rs.10 each
  • No fractional shares will be issued; shares will be rounded off accordingly
  • Shareholding proportions remain consistent pre and post consolidation
  • Total paid-up capital unchanged at Rs.1,50,04,500

Regulatory Changes

This capital restructuring is implemented pursuant to an Order passed by the Hon’ble National Company Law Tribunal, Ahmedabad Division Bench. The scheme involves reduction and consolidation of equity share capital under applicable provisions of the Companies Act, 2013.

Compliance Requirements

  • Trading members must not deal in equity shares of Gold Coin Health Foods Ltd from November 27, 2025
  • Members must note the suspension effective from settlement number DR-765/2025-2026
  • Shareholders holding 2 equity shares of Rs.5 each will be entitled to 1 equity share of Rs.10 each
  • Adjustments will maintain existing shareholding proportions
  • All share certificates and holdings will be adjusted according to the 2:1 consolidation ratio

Important Dates

  • Record Date: November 27, 2025
  • Trading Suspension Date: November 27, 2025
  • Settlement Number: DR-765/2025-2026
  • Notice Date: November 25, 2025

Impact Assessment

Capital Structure Impact:

  • Pre-consolidation: 30,00,900 shares of Rs.5 each = Rs.1,50,04,500
  • Post-consolidation: 15,00,450 shares of Rs.10 each = Rs.1,50,04,500
  • Total number of shares reduced by 50%
  • Face value per share returns to original Rs.10

Shareholder Impact:

  • Every 2 shares held will convert to 1 share
  • Ownership percentages remain unchanged
  • No fractional shares issued (rounding off will apply)
  • Shareholders with odd-lot holdings may face fractional share treatment

Trading Impact:

  • Complete suspension of trading from record date
  • No dealings permitted in the scrip effective November 27, 2025
  • Post-consolidation trading to resume with adjusted share count and ISIN

Operational Impact:

  • Demat accounts will reflect adjusted holdings
  • Share certificates require replacement/adjustment
  • Depository participants must process consolidation in shareholder accounts

Impact Justification

NCLT-approved capital restructuring involving face value changes and share consolidation directly impacts all shareholders and requires trading suspension