Garodia Chemicals Limited has issued a comprehensive clarification to BSE regarding the record date for its share capital reduction plan. The company confirmed that December 10, 2025 remains the official record date for the reconstitution of share capital under the approved base resolution plan.

The clarification, submitted to BSE on April 10, 2026, addresses previous confusion regarding multiple record dates that had been communicated earlier. The company had withdrawn an earlier intimation dated March 13, 2026, which stated March 25, 2026 as the record date. This follows a notice from BSE dated December 05, 2025, pursuant to Regulation 42.

Share Capital Restructuring Details

The approved base resolution plan encompasses three major components of share capital reconstitution:

Promoter Share Elimination

Under the restructuring plan, equity shares held by promoters equivalent to 37,28,800 equity shares of Rs. 10 each, representing 51.79% shareholding of the company, will be completely extinguished without any payment. This represents a significant change in the ownership structure of the company.

Public Shareholder Impact

Public shareholders will experience a substantial reduction in their shareholding under the plan. For every 13 existing equity shares held by public shareholders, they will be entitled to receive only 1 equity share in the reconstituted company. Additionally, the face value of shares will be reduced from Rs. 10 each to Re. 1 each.

Regulatory Compliance

The official communication was addressed to BSE Limited at Floor 25, Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai, referencing BSE Scrip Code 530161. Managing Director Ravindra Subhash Salunkhe (DIN: 06753149) digitally signed the clarification document from Mumbai, emphasizing the company's commitment to providing factual details and avoiding any ambiguity regarding the record date.

The company stated that this clarification was necessary to place factual details on record and eliminate confusion arising from previous communications regarding different record dates.

Garodia Chemicals Limited has officially withdrawn the record date previously fixed for the reduction of share capital, as communicated to BSE Limited on April 02, 2026. The company's Managing Director, Ravindra Subhash Salunkhe, signed the formal intimation announcing this corporate action withdrawal.

Record Date Withdrawal Details

The company had initially set March 25, 2026, as the record date for share capital reduction purposes, which was communicated to the stock exchange in an earlier intimation dated March 13, 2025. However, the management has now decided to withdraw this record date entirely.

Regulatory Compliance

The intimation has been made in strict compliance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that the record date stands completely withdrawn, indicating that the share capital reduction process will not proceed as originally planned.

Management Communication

Managing Director Ravindra Subhash Salunkhe (DIN: 06753149) digitally signed the official communication from Mumbai on April 02, 2026, at 17:38:31 +05'30'. The formal intimation was addressed to BSE Limited's management at Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai.

The withdrawal represents a significant change in the company's corporate restructuring plans, though no specific reasons for the withdrawal have been disclosed in the official communication to the stock exchange.