Cistro Telelink Limited has successfully completed its share capital reduction process with the Board of Directors formally approving the allotment of 3,08,05,800 equity shares following the National Company Law Tribunal's order. The company held a Board meeting on March 07, 2026, to finalize the share allotment process after implementing March 06, 2026 as the record date.

Board Meeting Outcome and Share Allotment

The Board of Directors convened on March 07, 2026, from 3:30 p.m. to 4:00 p.m. at the company's registered office in Indore to approve the allotment of new equity shares. The meeting was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board approved the allotment of 3,08,05,800 (Three Crore Eight Lakh Five Thousand Eight Hundred) equity shares of Re. 1 each to members whose names appeared in the Registrar and Share Transfer Agent records as on the record date of March 06, 2026.

Share Capital Reduction Implementation

The share capital reduction was executed following approval from the Hon'ble National Company Law Tribunal, Indore Bench, with the order dated January 21, 2026. The company received the certified true copy of the NCLT order on January 28, 2026, in connection with CP/4(MP)2025.

The reduction represents a significant decrease from INR 5,13,43,000 to INR 3,08,05,800, while maintaining the face value of Re. 1 per share.

Company Details and Compliance

Cistro Telelink Limited, incorporated under CIN L19201MP1992PLC006925, operates from its registered office at 206, Airen Heights, AB Road, Indore 452010, Madhya Pradesh. The company maintains compliance with BSE listing requirements under scrip code 531775.

Regulatory Documentation

Director Arun Kumar Sharma (DIN: 00369461) signed the compliance disclosure to the Department of Corporate Service at Bombay Stock Exchange Limited, ensuring adherence to regulatory requirements. The company has fulfilled its disclosure obligations under SEBI regulations, completing the corporate restructuring process with necessary approvals from the National Company Law Tribunal.

Cistro Telelink Limited has completed the mandatory newspaper publication requirements for its share capital reduction scheme, with advertisements published on February 25, 2026, following the earlier announcement of March 6, 2026 as the record date for implementing the capital restructuring.

NCLT Approval and Capital Structure Changes

The Hon'ble National Company Law Tribunal, Indore Bench, approved the company's scheme for capital reduction through its order dated January 21, 2026. The approval enables Cistro Telelink to proceed with a significant restructuring of its equity base.

Regulatory Compliance and Publication Requirements

Pursuant to Regulations 30, 42 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted newspaper publication copies to BSE Limited on February 25, 2026. The advertisements were published in Free Press Journal (English edition) and Indore Samachar (Hindi edition) on the same date.

The scheme received overwhelming shareholder support, with 47 out of 49 equity shareholders present at the Annual General Meeting held on July 25, 2024 voting in favor. This represented 1,97,39,000 equity shares, constituting 99.93% of the total value of shares held by shareholders present at the meeting.

Financial Restructuring Strategy

The capital reduction represents a 40% decrease in the company's paid-up equity share capital. This strategic move is designed to adjust accumulated losses against the share capital, thereby improving the company's balance sheet position. The company's accumulated losses stood at Rs. 216.27 lakhs as of March 31, 2024, which will be reduced to Rs. 10.90 lakhs post-implementation.

Implementation Timeline and Record Date

With the record date set for March 6, 2026, the capital reduction will become effective from that date. The company has completed all necessary regulatory filings, including Form INC-28 with the Registrar of Companies on February 5, 2026, and received the Certificate of Registration of Order Confirming Reduction of Capital on February 12, 2026.

Only shareholders whose names appear in the records of the Depositories (NSDL and CDSL) as beneficial owners as of the close of business hours on March 6, 2026, shall be entitled to the benefits of the reduction of share capital.