Ontic Finserve Board Approves ₹8.10 Crore Capital Reduction Scheme

Board approved capital reduction from Rs 9.0 Cr to Rs 0.9 Cr by cancelling 8.1 Cr shares, followed by 1:10 consolidation into 9,00,030 Rs 10 shares, subject to approvals. Reduction will offset accumulated losses and simplify the capital structure; no cash outflow, shareholder consideration or shareholding-pattern change is proposed. Scheme requires shareholder and NCLT approval; completion timeline is not specified. Fractional shares will not be issued and will be rounded off.