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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Charms Industries Ltd

Charms Industries Ltd — NCLT approves share capital reduction from INR 4,10,61,000 to INR 41,06,100

REGULATORY ▲ Positive Development LOW RISK
📅 Filed on BSE: 27 Mar 2026, 05:15 PM IST  ·  BSE ID: 5b678948-eed6-43b7-b6b2-6767b8f18cdc
View Original BSE Filing (PDF)
💡
In Simple Terms
The court approved the company's plan to shrink its share capital from INR 4,10,61,000 to INR 41,06,100, writing off losses.
🤖 AI Summary
  • NCLT Ahmedabad Bench approved capital reduction on March 26, 2026 under Section 66, Companies Act 2013
  • Paid-up equity share capital reduced from INR 4,10,61,000 to INR 41,06,100 — reduction of INR 9 per share
  • Capital reserve account of INR 31,46,530 cancelled; total debit P&L adjustment INR 4,01,01,430
  • Shareholders approved scheme via special resolution at AGM held September 23, 2024 with 26 members voting
  • Company now obtaining certified NCLT order copies to complete statutory compliance with registrar
🔢 Key Numbers - exact figures from BSE filing, not rounded
Paid-up equity share capital — reduced from
INR 4,10,61,000 to INR 41,06,100
Capital reserve account cancelled
INR 31,46,530
Total P&L debit balance adjustment
INR 4,01,01,430
Number of equity shares outstanding
41,06,100 shares
Per-share reduction amount
INR 9 per share (from INR 10 to INR 1)
Board approval date
July 1, 2023
Shareholder approval date
September 23, 2024
NCLT approval date
March 26, 2026
🏢 How This Affects the Company
💰
Financial Impact
Share capital reduced by INR 3,69,54,900. Capital reserve cancelled at INR 31,46,530. Total P&L adjustment of INR 4,01,01,430 reflects accumulated losses being written off against reduced capital structure.
👥 What This Means For Shareholders
✅
Action Required
No action required. NCLT order is final; capital restructuring now proceeds through administrative compliance.
👤
Who Is Affected
All 41,06,100 equity shareholders. Per-share value reduces from INR 10 to INR 1 per share; shareholding percentages remain unchanged as all shares reduce proportionally.
🔍
Management Signal
Management acknowledges accumulated losses by formalizing capital write-off; reflects strategic restructuring rather than operational recovery plan.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Filing of certified NCLT order copies with Registrar of Companies — confirms completion of statutory compliance
Capital reduction entry in company's registered memorandum and articles — visible in next shareholders' communication
Next quarterly/annual results disclosure — verify P&L reflects INR 4,01,01,430 write-off and new capital structure
LOW RISK NCLT order is final and binding. Capital reduction is retrospective formalization of accumulated losses. No operational or stakeholder conflicts flagged.
💡 Investor Takeaway
NCLT approved capital reduction from INR 4,10,61,000 to INR 41,06,100 on March 26, 2026, with capital reserve of INR 31,46,530 cancelled. Total P&L adjustment INR 4,01,01,430 reflects write-off of unrepresented capital. Shareholders approved scheme September 23, 2024. Compliance pending certified copy filing.
⚖️ Strengths & Concerns

✅ Positives

  • NCLT court order confirmed — legally binding reduction removes accumulated losses from balance sheet
  • Shareholder approval secured at AGM with special resolution; 26 voting members participated on September 23, 2024

⚠️ Concerns

  • Share capital reduction of INR 3,69,54,900 indicates significant accumulated losses unrepresented by tangible assets
  • Company describes cancelled capital as unrepresented by available tangible assets — signals historical operational challenges
📅 Company Track Record
Company incorporated April 24, 1992 as Charms Ceramics Limited; renamed Charms Industries Limited with fresh CoI dated April 1, 1999. This is the company's first BSE material regulatory filing on record. Listed company subject to SEBI LODR regulations.

Based on publicly available historical data. For context only.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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