Gujarat Poly Electronics informs about redemption of redeemable preference shares
In continuation to earlier announcement dated January 28, 2026 and pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Gujarat Poly Electronics has informed that the Company today, on February 25, 2026 has redeemed unlisted 9,81,500 ½% Non-Cumulative Redeemable Preference Shares of face value of Rs 100 each (‘Preference Shares’) held by Polychem, Promoter (‘Preference Shareholder’) at par, out of the profits of the Company. The Company has paid total amount of Rs 9,81,50,000 towards the said redemption to the Preference Shareholder. TDS @0.1% has been deducted from the redemption amount paid to the Preference Shareholder. After the redemption, the preference share capital of the Company stands reduced to NIL.
