Gold Coin Health Foods Limited, a company specializing in bakery and confectionery products, has received approval from the National Company Law Tribunal (NCLT) Ahmedabad Bench for its share capital reduction plan. This strategic move aims to improve the company's financial position by writing off accumulated losses.

Key Details of the Capital Reduction

• Reduction Amount: The company's share capital will be reduced from Rs. 3,00,09,000 to Rs. 1,50,04,500.
• Share Value Change: The face value of each share will be reduced from Rs. 10.00 to Rs. 5.00.
• Total Shares: The number of equity shares will remain unchanged at 30,00,900.
• Purpose: To write off accumulated losses of Rs. 1,50,04,500.

Shareholder Approval and NCLT Order

The special resolution for capital reduction was passed unanimously by shareholders representing 99.59% of the paid-up capital. The NCLT order noted that:

• No pending proceedings exist against the company.
• The reduction does not involve cash outflow.
• There will be no change in the shareholding structure.

Financial Impact and Compliance

The reduction aims to improve Gold Coin Health Foods' financial position without affecting its operations or ownership structure. The company must:

• Publish the NCLT order in national and Gujarati newspapers within 14 days.
• Pay Rs. 10,000 as costs to the Regional Director.

Next Steps

Gold Coin Health Foods is required to deliver a certified copy of the NCLT order to the Registrar of Companies within 30 days. The company has already submitted the order to the BSE Limited, in compliance with SEBI regulations.

This capital reduction strategy is expected to help Gold Coin Health Foods streamline its balance sheet and potentially improve its market perception. Investors and stakeholders should note that while this move addresses past losses, it does not directly impact the company's future operational performance or growth prospects.

Gold Coin Health Foods Limited has reported its financial results for the second quarter ended September 30, 2025, revealing a net loss and providing updates on its share capital reduction scheme.

Financial Performance

The company reported a net loss of Rs 3.50 lakh for Q2 FY2026, compared to a profit of Rs 5.10 lakh in the previous quarter. For the half-year ended September 30, 2025, the company's loss stood at Rs 2.66 lakh, compared to a loss of Rs 10.74 lakh in the corresponding period last year.

Key financial highlights for Q2 FY2026:

Share Capital Reduction Scheme

Gold Coin Health Foods Limited received approval from the National Company Law Tribunal (NCLT) on October 31, 2025, for its share capital reduction scheme. This scheme was previously approved by shareholders in an extraordinary general meeting held on March 27, 2025.

Cash Position

As of September 30, 2025, the company's cash and cash equivalents stood at Rs 48.51 lakh, slightly down from Rs 48.70 lakh at the beginning of the period.

Capital Structure

The company's paid-up equity share capital remains unchanged at Rs 300.09 lakh, with a face value of Rs 10 per share.

Auditor's Review

VSSB & Associates, Chartered Accountants, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results have not been prepared in accordance with applicable accounting standards and generally accepted accounting principles.

While the company has secured NCLT approval for its share capital reduction scheme, it continues to face challenges in achieving profitability. The management may need to focus on revenue growth and cost optimization strategies to improve its financial performance in the coming quarters.