Baron Infotech Sets October 6 Record Date For 95% Capital Reduction

Board noted NCLT 8-Sep approval of resolution plan merging PurpleTalk India into Baron. Fixed 6-Oct record date to cancel promoter shares and cut public holding 95%. Reconstituted board with 5 new directors, Chairman Sridhar Muppidi; 4 old directors ceased. Approved rename to PurpleTalk, new Kondapur office, auth capital hike to 300 Cr. Existing equity largely wiped out: promoters zero, public retains 1-for-20. Dilution/fresh issuance, merger swap ratio, listing approvals and timelines not disclosed.