Pasupati Fincap Ltd

Pasupati Fincap Proposes Major Restructuring: 95% Capital Reduction & Name Change 🔄

• Proposes 95% reduction in equity share capital to write off accumulated losses

• Accumulated losses amount to ₹5,35,37,249.50 as of March 31, 2025

• Issued capital decreases from ₹4.70 crore (47 lakh shares) to ₹23.50 lakh (2.35 lakh shares)

• Shareholder percentage holdings remain unchanged - reduction is proportional across all shareholders

• No impact on creditors, employees, or legal proceedings

• Company seeks to increase borrowing limit to ₹100 crore

• Requests investment/loan authorization up to ₹100 crore

• Appointment of Mrs. Rakhi Sharma as independent director for 5-year term

• Company name change proposed to 'HARMANSHI APPLIANCES CO LIMITED'

• All changes aim to reflect true financial health and support growth initiatives