Redeemption of preference shares

I dont think it can be redeemed by way of issuing equity shares .

Yes, you should increase authorised share capital suitably before redemption of preference shares.

Thanks for Guidence

If the preference shares have been issued.

The shares may be redeemed and thereafter the unissued portion of the preference shares in the Authorised share capital may be cancelled and Further Equity shares may be increased accordingly.

If the preference shares have not been issued.

The unissued portion of the preference shares in the Authorised share capital may be cancelled and Further Equity shares may be increased accordingly.

Regards:

CS Ankur Srivastava