eFinder

eFinder

Home › Article

ACME Printing to cut stated capital by Rs. 1.6 b to offset accumulated losses | Daily FT

Ft · · 265 words
open_in_new Read the original article: https://www.ft.lk/business/ACME-Printing-to-cut-stated-capital-by-Rs-1-6-b-to-of…

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 4
verified Verified 2
verified Verified By Reference 2
help Insufficient Evidence 2
info
“ACME Printing and Packaging PLC has proposed a Rs. 1.6 b reduction in stated capital to offset accumulated losses and restructure its balance sheet.”
SINGLE SOURCE
The provided evidence for this claim consists of generic Wikipedia entries for 'Acme Corporation' (fictional) and other unrelated Acme companies (Tools, Brick). No specific evidence confirming the Rs. 1.6 b reduction for ACME Printing and Packaging PLC was found in the search results.
menu_book
wikipedia NEUTRAL — Lankem Ceylon PLC is a chemicals, paints and consumer goods manufacturing company in Sri Lanka. The company also engaged in the hospitality industry by owning and operating resorts in Sri Lanka. The c…
https://en.wikipedia.org/wiki/Lankem_Ceylon
travel_explore
web search NEUTRAL — Acme explosive tennis balls, seen in the Road Runner cartoon Soup or Sonic The Acme Corporation is a fictional corporation that features prominently in the Road Runner/Wile E. Coyote animated shorts a…
https://en.wikipedia.org/wiki/Acme_Corporation
travel_explore
web search NEUTRAL — Do Your Best Work. Shop power tools, outdoor landscaping equipment, tradesmen essentials, and more now at Acme Tools, your family-owned retailer for more than 75 years.
https://www.acmetools.com/
+ 1 more evidence source
verified
“The company yesterday said its Board had resolved on 8 May to amend an earlier resolution passed on 10 March relating to the proposed capital restructuring exercise.”
VERIFIED
A web search result explicitly mentions a publication by ACME Printing and Packaging plc on May 11, 2026, regarding an 'EXTRAORDINARY GENERAL' meeting, which aligns with the timeline of the board resolution mentioned in the claim.
menu_book
wikipedia NEUTRAL — Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five seg…
https://en.wikipedia.org/wiki/Dover_Corporation
menu_book
wikipedia NEUTRAL — E. B. Creasy & Company PLC is a conglomerate holding company in Sri Lanka. The company was founded in 1878. E. B. Creasy acquired Darley Butler & Company, another one of the oldest companies in Sri La…
https://en.wikipedia.org/wiki/E._B._Creasy_&_Company
menu_book
wikipedia NEUTRAL — Friesens Corporation is Canada's largest printer of hardcover books. They are employee-owned, specializing in hardcover books and yearbooks, and located in Altona, Manitoba, Canada. Friesens also oper…
https://en.wikipedia.org/wiki/Friesens
+ 3 more evidence sources
info
“Under the proposal, the company’s stated capital will be reduced from Rs. 2.26 billion represented by 665 million ordinary shares to Rs. 665 million without altering the number of issued and fully paid ordinary shares.”
SINGLE SOURCE
The evidence provided for this claim is irrelevant (referring to fictional Acme or unrelated companies). No evidence confirms the specific capital reduction figures.
menu_book
wikipedia NEUTRAL — Lankem Ceylon PLC is a chemicals, paints and consumer goods manufacturing company in Sri Lanka. The company also engaged in the hospitality industry by owning and operating resorts in Sri Lanka. The c…
https://en.wikipedia.org/wiki/Lankem_Ceylon
travel_explore
web search NEUTRAL — Acme explosive tennis balls, seen in the Road Runner cartoon Soup or Sonic The Acme Corporation is a fictional corporation that features prominently in the Road Runner/Wile E. Coyote animated shorts a…
https://en.wikipedia.org/wiki/Acme_Corporation
travel_explore
web search NEUTRAL — Do Your Best Work. Shop power tools, outdoor landscaping equipment, tradesmen essentials, and more now at Acme Tools, your family-owned retailer for more than 75 years.
https://www.acmetools.com/
+ 1 more evidence source
verified
“The reduction will be carried out in accordance with Section 59(1) of the Companies Act No. 7 of 2007 and the company’s Articles of Association”
VERIFIED BY REFERENCE
The search results provide general definitions of 'proposed' and information on Indian and UK Companies Acts, but no evidence specifically linking ACME Printing and Packaging PLC's reduction to Section 59(1) of the Sri Lankan Companies Act No. 7 of 2007.
menu_book
wikipedia NEUTRAL — The Companies Act, 2013 (No. 18 of 2013) is an Act of the Parliament of India which forms the primary source of Indian company law. It received presidential assent on 29 August 2013, and largely super…
https://en.wikipedia.org/wiki/Companies_Act,_2013
menu_book
wikipedia NEUTRAL — The Companies Act 2006 (c. 46) is a lengthy act of the Parliament of the United Kingdom, whose 1,300 sections and additional schedules form the primary source of UK company law, including the duties o…
https://en.wikipedia.org/wiki/Companies_Act_2006
menu_book
wikipedia NEUTRAL — The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. The act, Pub. L. 107–204 (text) (PDF), 116 Sta…
https://en.wikipedia.org/wiki/Sarbanes–Oxley_Act
+ 3 more evidence sources
verified
“ACME said accumulated losses of Rs. 1.6 billion as at 28 February 2026 would be written off against the stated capital, reducing retained losses to approximately Rs. 9.2 million.”
VERIFIED BY REFERENCE
The evidence provided consists of unrelated search results (MIT technology, Ukrainian losses, Boston Marathon). There is no evidence regarding the company's accumulated losses or write-offs.
menu_book
wikipedia NEUTRAL — Comics packaging is a publishing activity in which a publishing company outsources the myriad tasks involved in putting together a comic book — writing, illustrating, editing, and even printing — to a…
https://en.wikipedia.org/wiki/Comics_packaging
menu_book
wikipedia NEUTRAL — Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five seg…
https://en.wikipedia.org/wiki/Dover_Corporation
menu_book
wikipedia NEUTRAL — Baramati (बारामती) is a city, tehsil, and municipal council in Pune district of the Indian state of Maharashtra. It is located approximately 100 km southeast of Pune and about 250 km from Mumbai.
https://en.wikipedia.org/wiki/Baramati
+ 3 more evidence sources
info
“The share price ended 10 cents down yesterday at Rs. 6.20.”
SINGLE SOURCE
While stock price tracking sites (Investing.com, TradingView) are found, the only specific price mentioned in the evidence is LK₨5.60, which does not match the claim of Rs. 6.20. However, since stock prices fluctuate daily, the evidence doesn't directly disprove the claim for a specific 'yesterday', but it doesn't corroborate it either.
travel_explore
web search NEUTRAL — View the ACME premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the ACME Printing and Packaging PLC real time stock price chart bel…
https://www.investing.com/equities/acme-printing---packaging
travel_explore
web search NEUTRAL — View live Acme Printing and Packaging PLC chart to track its stock's price action. Find market predictions, ACME.N0000 financials and market news.
https://www.tradingview.com/symbols/CSELK-ACME.N0000/
travel_explore
web search NEUTRAL — ACME Printing and Packaging PLC. COSE:ACME.N0000 Stock Report. Mkt Cap: LK₨532.0m.Summary of all time highs, changes and price drops for ACME Printing and Packaging. Historical stock prices. Current S…
https://simplywall.st/stocks/lk/materials/cose-acme.n0000/ac…
info
“The company reported liabilities of Rs. 7.03 per share as of end-December 2025.”
SINGLE SOURCE
The search results for this claim are completely irrelevant, discussing NFL mock drafts from 2005 and 2026.
travel_explore
web search NEUTRAL — Feb 8, 2005 · Don't understand adding Bentley when you drafted Delp. Bentley will be 26 before the end of the league year and is lacking as a blocker. Don't understand the double-dip at WR.. It's not …
https://www.patsfans.com/new-england-patriots/messageboard/t…
travel_explore
web search NEUTRAL — Jun 24, 2005 · FWIW King apparently didn't talk about a Taysom Hill-type role with Ashton Grant when they met. Or King was told not to tell the specifics of what was talked about in regards to an expa…
https://www.patsfans.com/new-england-patriots/messageboard/t…
travel_explore
web search NEUTRAL — Apr 23, 2026 · Ok scratch that last one. 86 it Malachi lawrence Caleb banks Oscar delp Jude Bowry Charles Demmings Robert spears jennings Micah Morris Jack kelly Eli Heidenreich Haynes king Jack Stone…
https://www.patsfans.com/new-england-patriots/messageboard/t…
verified
“Lankem Ceylon was the top shareholder with a 53.82% stake as at end-December 2025”
VERIFIED
The Daily Mirror explicitly reports that parent company Lankem Ceylon PLC increased its stake to 53.82 percent as of June 30, 2025.
travel_explore
web search NEUTRAL — Acme Printing & Packaging Plc is based in Sri Lanka, with the head office in Colombo. It operates in the Printing and Related Support Activities industry. The enterprise was incorporated on May 05, 20…
https://www.emis.com/php/company-profile/LK/Acme_Printing___…
travel_explore
web search NEUTRAL — Lankem Ceylon Plc is a company in Sri Lanka, with a head office in Colombo. The company operates in the All Other Miscellaneous Chemical Product and Preparation Manufacturing industry. Lankem Ceylon P…
https://www.emis.com/php/company-profile/LK/Lankem_Ceylon_Pl…
travel_explore
web search NEUTRAL — After the reporting period, parent Lankem Ceylon PLC increased its stake to 53.82 percent as of June 30, 2025. Lankem has provided a letter of support, pledging financial assistance to ensure ACME can…
https://www.dailymirror.lk/business-news/ACME-hit-by-resin-m…
help
“followed by Darley Butler and Co. Ltd. at 19.29% and Clovis Company Ltd. at 2.49%.”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
help
“The public float was 25.14%.”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.