Capital Restructuring Under NCLT-Approved Resolution Plan: Public Shares To Be Consolidated 1-For-50
Under the NCLT order dated 13/01/2026, promoter shareholding stands fully extinguished without payment.
- NCLT Order Date
- 13/01/2026
- Record Date for Capital Restructuring
- 01 October 2026
- Public Share Consolidation Ratio
- 1 new share of ₹10 for every 50 held
- Fresh Shares to be Subscribed
- 10,10,116 equity shares of ₹10 each (₹1,01,01,160)
- Resulting Shareholding - Resolution Applicant vs Public
- Resolution Applicant: not more than 95%; Public: not less than 5%
What the company said
The Resolution Plan submitted by Mr. Guruswamy Ramamurthy, Resolution Applicant, was approved by the Hon'ble NCLT, Chennai Bench by order dated 13 January 2026 under the Insolvency and Bankruptcy Code, 2016. The company is now implementing the share capital restructuring set out in that plan, and has fixed Thursday, 01 October 2026 as the Record Date.
Promoter shares
- The entire existing equity shareholding of the Promoters and Promoter Group shall stand fully extinguished, without any payment in respect thereof.
Public shares
- Public shares are not extinguished; they are reconstituted by way of reduction and subsequent consolidation.
- Existing shares of face value ₹10/- each are first reduced to face value ₹0.20/- each.
- The reduced shares are then consolidated into shares of face value ₹10/- each.
- Net effect per the indicative computation: one (1) new equity share of ₹10/- for every fifty (50) existing equity shares of ₹10/- held.
- Fractional entitlements are to be rounded off to the nearest whole integer.
Fresh issue
- The Resolution Applicant shall subscribe to 10,10,116 fresh equity shares of ₹10/- each, aggregating to ₹1,01,01,160/-.
Resulting shareholding (indicative)
- Resolution Applicant: approximately not more than 95% of equity share capital.
- Public Shareholders: approximately not less than 5%.
- Subject to actual entitlement and implementation of the approved plan.
Next steps
The company will initiate corporate actions with the Stock Exchange, Registrar and Share Transfer Agent, Depositories and other market infrastructure institutions. Consequential actions on suspension/cancellation of existing shares, credit/allotment of resultant shares, listing and trading approvals and depository/ISIN processes will follow in coordination with the authorities.
For shareholders
Shareholders are asked to ensure their demat account/folio and records with their Depository Participant and the Registrar are updated and accurate. Queries may be sent to the company or to the Registrar, Cameo Corporate Services Limited. The company notes this intimation does not constitute a fresh proposal for shareholder approval.
How it may be read
For existing public shareholders this means a sharp reduction in the number of shares held (1 for 50) and a dilution of their overall stake to about 5% after the fresh issue to the Resolution Applicant, who takes control of the company following the insolvency resolution.
Also from Rajeswari Infrastructure
Board meeting on 09.10.2026 to take note of credit of equity shares as per NCLT order
6 Oct 2026
More numbers
- Existing face value per share₹10/- each
- Reduced face value per share%0.20/- each
- Consolidation ratio - existing shares per new shareevery fifty (50) existing equity shares
- Fresh equity shares to Resolution Applicant10,10,116 fresh equity shares
- Aggregate value of fresh issue%1,01,01,160/-
- Resolution Applicant post-restructuring holdingnot more than 95%
- Public shareholders post-restructuring holdingnot less than 5%
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