Date: June 23, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
- The Rights Issue Committee of the Board of Directors met on April 11, 2026.
- The committee decided to forfeit 171,329 partly paid-up equity shares on which first and final call money remained unpaid.
- The forfeiture was due to non-payment of call money by the last date of payment, Tuesday, April 07, 2026.
Financial Results
Not Specified
Auditor’s Report
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Forfeiture of Shares
- Notice of Forfeiture was issued on June 23, 2026 to all holders of 171,329 partly paid-up equity shares.
- The forfeiture applies to shares where First & Final Call Money remains unpaid.
- Notices were sent in electronic mode to shareholders with registered email IDs and via physical mode to those without.
- The forfeiture follows a First and Final Call Money Notice dated January 16, 2026 and a Final Reminder-cum-Forfeiture Notice dated March 05, 2026.
Rights Issue Background
- The company issued up to 62,66,897 partly paid-up equity shares of face value ₹10 each through a rights issue.
- The issue price was ₹15.80 per share (including a premium of ₹5.80 per share).
- The total issue size was up to ₹1000 lakhs (₹10 crore).
- The rights issue ratio was 2 equity shares for every 5 fully paid-up equity shares held.
- The record date for eligibility was August 01, 2025.
- The Letter of Offer was dated July 21, 2025.
Consequences of Forfeiture
- Forfeiture involves extinction of all interest in and all claims and demands against the Company in respect of the forfeited shares.
- All rights incidental to the shares are extinguished at the time of forfeiture.
- The forfeited shares become the property of the Company.
- The Company may at any time make a sale, re-allotment, disposal, or cancel the forfeiture on such terms as it thinks fit.