Carina Finvest Pvt. Ltd.

With reference to the captioned subject, we would like to inform you that Hon’ble National Company Law Tribunal, Mumbai bench (NCLT) has recently sanctioned our Company’s petition under Section 66 of Companies Act, 2013, for reduction of Share Capital vide their Order dated October 03, 2023. The Order has been duly filed with the Registrar of Companies (RoC) and has received approval from the ROC on October 23, 2023. 

In accordance with the said order and the Company’s petition for capital reduction, shareholders holding shares as on the record date, i.e. November 03, 2023, are entitled to receive payment of Rs. 440/- (Rupees Four Hundred and Forty Only) per share as consideration for the shares held by them. We are delighted to inform you that subsequent to the receipt of the said order, we have initiated the payment process to settle the consideration owed to shareholders.

For shareholders having a valid bank mandate, the consideration will be directly credited to the bank account on record with the Company.

For shareholders that have not registered a bank mandate with the Company, the payment of consideration is being made by cheque.

As per the provisions of the Income Tax Act, 1961, tax at source has been deducted from the consideration, wherever applicable. The Company will file the TDS Return electronically as prescribed in the Income Tax Rules, thereafter the details of tax deducted/ consideration paid can be checked by shareholders in their Form 26AS, wherever TDS has been deducted and PAN Number of the shareholders is registered. Please note that tax amount includes Tax + Surcharge + Cess, as applicable.

We extend our heartfelt appreciation for your support as a shareholder of the Company. 

For any queries regarding the payment of consideration, please contact the RTA, Purva Sharegistry at support@purvashare.com.