ORDER

1. The Petition is filed for Reduction of Share Capital of the Petitioner Company from Rs. 2,33,47,130/- divided into 23,34,713 Equity Shares of Rs. 10/- each, to equity share capital of Rs. 1,00,000/- divided into 10,000 Equity Shares of Rs. 10/- each by cancelling and extinguishing 23,24,713 (Twenty-Three Lakhs Twenty-Four Thousand Seven Hundred and Thirteen) Equity Shares of Rs. 10/- each and by making repayment to shareholders which is in excess of wants / requirements at Rs. 10.08/- per equity share.

2. The Petitioner is a private limited company incorporated on 23^rd March, 2010 with Registrar of Companies, Mumbai.

3. Article 1.1 read with Article 4.2 of its Articles of Association of the Petitioner Company empowers the Petitioner Company to reduce its share capital in any manner for the time being authorized by law.

4. The Petitioner Company passed a special resolution at the meeting of its shareholders held on 10^th October, 2022 for reduction of its issued, subscribed and paid-up share capital of the Company from Rs. 2,33,47,130/- divided into 23,34,713 Equity Shares of Rs. 10/- each, to equity share capital of Rs. 1,00,000/- divided into 10,000 Equity Shares of Rs. 10/- e