Charms Industries Change in Control
Charms Industries' promoters agreed to sell a 24.37% stake to new acquirers, triggering an open offer. The board also approved preferential issues and an EGM.
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Charms Industries' promoters agreed to sell a 24.37% stake to new acquirers, triggering an open offer. The board also approved preferential issues and an EGM.
Charms Industries Ltd reported a net loss of ₹0.1 Cr for Q4 FY26.
Charms Industries Limited approved audited standalone financial results for the year ended March 31, 2026. The Board also approved share capital reduction and consequent allotment.
Charms Industries scheduled a board meeting for May 28, 2026, to approve FY26 audited results. The board will also consider a 41,06,100 share allotment following capital reduction.
Charms Industries Limited has fixed May 20, 2026, as the Record Date for its share capital reduction scheme approved by the NCLT. Existing shares of Rs. 10 each will be reduced to Rs. 1 each. This internal restructuring aims to write off accumulated losses and present a realistic balance sheet without impacting creditor interests.
Charms Industries Limited approved May 20, 2026, as the record date for its equity share capital reduction. The paid-up capital will be reduced from ₹4.11 Crore to ₹0.41 Crore by reducing the face value from ₹10 to ₹1 per share. The board also undertook to safeguard the interests of all stakeholders.
Charms Industries Limited informed BSE that it is not identified as a 'Large Corporate' for the financial year ended March 31, 2026. Consequently, the disclosure requirements under SEBI's framework for fund raising by issuance of debt securities are not applicable to the company.
Charms Industries Ltd reported net profit of ₹0 Cr for Q3 FY26.