Description
INDUS FILA LIMITED announces capital reduction through share consolidation (100:1 for public shareholders) and complete extinguishment of promoter shareholding as per NCLT-approved resolution plan.
Summary
INDUS FILA LIMITED (Scrip Code: 530715/532821) has announced a reduction in equity share capital pursuant to a Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT), Bengaluru Bench. The capital reduction involves a 100:1 share consolidation for public shareholders and complete extinguishment of promoter and promoter group shareholding. Record date is February 09, 2026. Trading in the company’s equity shares remains under suspension.
Key Points
- Record Date: February 09, 2026 for capital reduction
- Ex-date: February 09, 2026
- Settlement No: DR-816/2025-2026
- Public shareholders will receive 1 equity share of Rs. 10/- for every 100 shares held
- Entire shareholding of existing Promoter and Promoter Group will be completely extinguished
- Resolution Plan approved by NCLT, Bengaluru Bench, Court-1
- Company scrip codes: 530715 and 532821
- Trading in equity shares currently under suspension
Regulatory Changes
The capital reduction is being implemented under a Court-approved Resolution Plan sanctioned by the National Company Law Tribunal, Bengaluru Bench. This involves:
Share Consolidation for Public Shareholders: The share capital will be consolidated at a ratio of 100:1, meaning public shareholders holding 100 existing equity shares will receive only 1 new equity share of Rs. 10/-
Promoter Shareholding Extinguishment: The entire shareholding of existing Promoters and Promoter Group members will be totally extinguished, resulting in zero promoter holding post-implementation
Compliance Requirements
- Trading members are informed to note the record date and ex-date arrangements
- Public shareholders need to be aware of the severe dilution effect (100:1 consolidation)
- Trading members must note that equity shares remain under trading suspension
- Settlement arrangements to be made as per DR-816/2025-2026
Important Dates
| Date | Event |
|---|---|
| February 05, 2026 | Circular issue date |
| February 09, 2026 | Record Date for capital reduction |
| February 09, 2026 | Ex-date for the corporate action |
Impact Assessment
Impact on Public Shareholders: Extremely high negative impact. Public shareholders face severe dilution with a 100:1 share consolidation, meaning they will hold only 1% of their original shareholding count. Shareholders holding fewer than 100 shares may lose their entire holding or receive fractional entitlements.
Impact on Promoters: Complete elimination of promoter and promoter group stake as per the resolution plan.
Market Impact: Trading remains suspended, so immediate market reaction cannot be observed. This restructuring indicates the company is undergoing insolvency resolution proceedings under the Insolvency and Bankruptcy Code (IBC).
Corporate Governance: The resolution plan represents a fundamental restructuring of the company’s ownership structure, typically undertaken as part of debt resolution or corporate insolvency proceedings. Post-implementation, the company will have a completely revised shareholding pattern with no original promoter holding.
Impact Justification
Major capital restructuring involving severe dilution (100:1 consolidation) for public shareholders and complete elimination of promoter stake under NCLT-approved resolution plan