News Corporate Actions Dharti Proteins Limited Fixes Record Date February 13, 2026 for Capital ReductionDharti Proteins Limited Fixes Record Date February 13, 2026 for Capital Reduction
Dharti Proteins Limited announced February 13, 2026 as the record date for capital reduction under NCLT-approved resolution plan. The company will reduce its equity shares from 1,02,77,200 to 5,00,000, with public shareholders receiving 25,000 shares proportionally, successful resolution applicant getting 4,25,000 shares, and financial creditor Goenka Business & Finance Limited receiving 50,000 shares plus upfront cash.
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Dharti Proteins Limited (formerly Devika Proteins Limited) has fixed February 13, 2026 as the record date for capital reduction under its NCLT-approved resolution plan. The announcement was made following a Board of Directors meeting held on February 9, 2026, at 2:00 pm, as communicated to BSE Limited under Regulation 30 read with Regulation 42 of SEBI (LODR) Regulations, 2015.
Record Date and Capital Restructuring Framework
The record date of Friday, February 13, 2026 will determine shareholder eligibility for the capital reduction process as per the NCLT Order dated November 18, 2025. The restructuring involves cancellation and extinguishment of all presently outstanding equity shares, followed by issuance and allotment of new shares to existing shareholders, promoter and promoter group.
| Parameter: | Current Structure | Proposed Structure |
|---|---|---|
| Total Equity Shares: | 1,02,77,200 | 5,00,000 |
| Face Value per Share: | Rs.10 | Rs.10 |
| Public Shareholding: | 1,00,98,748 shares | 25,000 shares |
Shareholding Allocation Under Resolution Plan
The restructured capital of 5,00,000 equity shares will be distributed among different stakeholders as per the approved resolution plan. Public shareholders holding 1,00,98,748 equity shares will receive 25,000 equity shares in totality, distributed proportionally based on their existing shareholding.
| Stakeholder: | Allocation |
|---|---|
| Public Shareholders: | 25,000 equity shares |
| Successful Resolution Applicant: | 4,25,000 equity shares |
| Goenka Business & Finance Limited: | 50,000 equity shares |
Key Terms and Conditions
Under the capital reduction scheme, any fractional equity shares will be reduced to zero, decreasing the capital accordingly, with no cash consideration paid for such fractions. The financial creditor, Goenka Business & Finance Limited, will receive 50,000 equity shares of Rs.10 each in addition to an upfront cash component as specified in the approved resolution plan.
The successful resolution applicant will be allotted 4,25,000 equity shares out of the newly restructured 5,00,000 equity shares. The announcement was signed by Twinkle Bipinchandra Gajjar, Company Secretary & Compliance Officer.
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