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After all requisite procedural formalities are completed with authorities, the paid-up share capital of the Company will stand at INR 50,03,31,430/- (Rs. Fifty Crore Three Lakhs Thirty-One Thousand Four Hundred and Thirty only) including the Capital Reduction is from 33,14,295 to 33,143 and further issue of shares to successful resolution applicant of 5,00,00,000 equity shares. Further the Company has received Approval letters from Bombay Stock Exchange and the National Stock Exchange dated 21st December, 2022 and 22nd December, 2022 for recommencement of shares with respect to reduction of capital from 3,31,42,950 to 3,31,430 at a face value of Rs. 10 each pursuant to the Resolution Plan approved by the Honble NCLT under the Insolvency & Bankruptcy Code 2016. 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