ATN International Files Comprehensive Share Capital Reduction Scheme with Stock Exchanges
ATN International Limited submitted detailed scheme documents to BSE, NSE, and CSE for share capital reduction from ₹15.78 crore to ₹31.56 lakh, following overwhelming shareholder approval with 99.35% votes in favour at the March 9, 2026 EGM. The scheme aims to write off ₹15.46 crore against accumulated losses of ₹23.49 crore, requiring NCLT approval under Section 66 of Companies Act 2013.
*this image is generated using AI for illustrative purposes only.
ATN International Limited has filed comprehensive scheme documents with stock exchanges detailing its share capital reduction plan, following overwhelming shareholder approval at the Extra-Ordinary General Meeting held on March 9, 2026. The company submitted the complete scheme documentation to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on March 13, 2026.
Shareholder Approval and Voting Results
The special resolution for share capital reduction received exceptional shareholder approval at the 1st Extra-Ordinary General Meeting for Financial Year 2025-26, with detailed voting statistics reflecting broad-based support across different shareholder categories.
| Voting Category: | Total Shares | Votes Polled | Polling % | Votes in Favour | Votes Against | Approval % |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group: | 65,444 | 22,541 | 34.44% | 22,541 | 0 | 100.00% |
| Public-Institutions: | 1,899 | 0 | 0.00% | 0 | 0 | 0.00% |
| Public-Non Institutions: | 39,382,657 | 2,494,056 | 6.33% | 2,477,734 | 16,322 | 99.35% |
| Total: | 39,450,000 | 2,516,597 | 6.38% | 2,500,275 | 16,322 | 99.35% |
The resolution achieved 99.35% approval from valid votes cast, with comprehensive voting conducted through both remote e-voting and physical ballot processes.
Capital Reduction Structure and Financial Impact
The scheme proposes a significant reduction in the company's paid-up share capital to address accumulated losses and improve the balance sheet structure. The capital reduction details are outlined in the comprehensive scheme document filed with regulatory authorities.
| Parameter: | Pre-Reduction | Post-Reduction | Reduction Amount |
|---|---|---|---|
| Paid-up Capital: | ₹15,78,00,000 | ₹31,56,000 | ₹15,46,44,000 |
| Number of Shares: | 3,94,50,000 | 7,89,000 | 3,86,61,000 |
| Face Value per Share: | ₹4.00 | ₹4.00 | - |
The reduction involves cancelling and extinguishing 3,86,61,000 equity shares of ₹4.00 each, utilizing ₹15,46,44,000 from paid-up capital to write off accumulated losses of ₹23,49,82,000 as of September 30, 2025.
Rationale and Strategic Benefits
ATN International Limited has been experiencing accumulated losses over recent years, with the company citing business challenges and inadequate working capital facilities as primary factors. The scheme aims to clean the company's books and enable future resource mobilization for expansion programs.
| Financial Year: | Annual Loss | Cumulative Loss |
|---|---|---|
| 2020-2021: | ₹5,54,07,298 | ₹22,19,37,398 |
| 2021-2022: | ₹34,52,328 | ₹22,53,89,726 |
| 2022-2023: | ₹53,39,000 | ₹23,07,28,726 |
| 2023-2024: | ₹28,11,000 | ₹23,35,39,726 |
| 2024-2025: | ₹1,20,000 | ₹23,36,59,726 |
| As on Sept 30, 2025: | ₹13,94,659 | ₹23,49,82,000 |
Regulatory Compliance and Next Steps
The scheme requires approval from the National Company Law Tribunal under Section 66 of the Companies Act, 2013. Managing Director Santosh Kumar Jain communicated the filing to all three stock exchanges where the company's shares are listed. The company maintains compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The scheme ensures no adverse impact on creditors, employees, or existing contractual obligations, with shareholding patterns remaining proportionally unchanged post-reduction. The company plans to issue new share certificates within 90 days of NCLT approval and order registration with the Registrar of Companies.
Source: None/Company/INE803A01027/9ccbbd53-02de-4884-9340-0a15fbfd584c.pdf
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
