Visagar Polytex Approves Capital Reduction And ₹6 Crore Preferential Issue

Board approved composite scheme: 100:1 capital consolidation after reducing face value to Re0.01, plus preferential issue of 3 crore shares and 3 crore warrants. Reduction will write off accumulated losses without cash outflow; fresh capital is intended to strengthen net worth and support the company's revival plan, subject to NCLT and shareholder approval. Post-restructuring equity would be 29.27 lakh shares before the proposed issue. Issue price, valuation, dilution and detailed fund deployment were not disclosed.