Pursuant to the NCLT approved Resolution Plan dated 23rd September 2024, the Board of Directors of the Company have fixed 29th November, 2024 as the record date for the purpose of the following corporate action, as approved as a part of the Resolution Plan:1. Extinguishment of entire 9% redeemable non-cumulative preference shares without any payout2. Extinguishment of entire promoter shareholding without any payout3. Reduction of the 75% of the shares held by the public shareholders as on record date.
