SV Global Mill Board Approves Scheme To Cancel 6% Unclaimed Shares

Board approved a scheme to cancel 10,91,187 unclaimed, non-dematerialised physical shares, representing 6% of paid-up capital, reducing total shares from 1,80,82,970 to 1,69,91,783. The action is intended to eliminate the cost of maintaining a separate suspense account and convert all remaining shares into demat form. Promoter ownership will rise mechanically from 69% to 73%, while non-promoter ownership falls from 31% to 27%. Face value remains Rs 5 per share and continuing shareholders are not diluted or written down; no promoter benefit is disclosed. Implementation requires Stock Exchange, SEBI, shareholder and NCLT approvals as applicable.