ATN International Limited announced that its Board of Directors, in a meeting held on January 27, 2026, approved a Scheme of Arrangement for the reduction of share capital. This scheme, which is subject to shareholder, National Company Law Tribunal (NCLT) Kolkata Bench, and other regulatory approvals, aims to reduce the company's share capital under Section 66 of the Companies Act, 2013. The primary reasons for this restructuring include bringing the balance sheet into a true and fair representation of the company's available assets, offsetting accumulated losses, and improving the company's financial position for future growth. The reduction involves decreasing the number of equity shares from 3,94,50,000 with a face value of ₹4 each to 7,89,000 equity shares of ₹4 each, thereby reducing the paid-up share capital from ₹15,78,00,000 to ₹31,56,000. This move is intended to eliminate accumulated losses and position the company for sustainable future growth, potentially benefiting shareholders through improved financial health. The scheme does not involve any cash outflow, conveyance, or transfer of property, and it is not expected to be prejudicial to the interests of members or creditors. The rights of promoter and public shareholders will remain unaltered, with no specific benefit accruing to the promoter group from this restructuring. Consequently, there will be no change in the shareholding pattern of the company. The Board meeting commenced at 6:00 p.m. and concluded at 9:00 p.m.
