Date: July 03, 2026
Board Meeting Outcomes
The Rights Issue Committee of the Company approved on July 03, 2026 the issuance of a Final Reminder Cum Forfeiture Notice to holders of partly paid-up equity shares who have not paid the call money (First Call or Second and Final Call or both).
Dividend Declaration or Non-Declaration
Not Specified
Financial Results
Not Specified
KMP / Board / Auditor Changes
Not Specified
Disinvestment / Strategic Actions
Not Specified
Final Reminder-cum-Forfeiture Notice Details
Payment Requirements:
- First Call Amount: ₹131.25 per partly paid-up Rights equity share (comprising ₹3.50 towards face value and ₹127.75 towards premium)
- Second and Final Call Amount: ₹112.50 per partly paid-up Rights equity share (comprising ₹3 towards face value and ₹109.50 towards securities premium)
- Total Payment Due: Combined payment for both calls must be made (no partial payments accepted)
- Payment Period: Monday, July 13, 2026 to Monday, July 27, 2026 (15 days, both days inclusive)
- Last Date for Payment: Monday, July 27, 2026
Payment Instructions:
- Payment Mode: Online payment only through specified portals
- First and Second Call Portal: https://rights.cameoindia.com/solaracallmoney2
- Second and Final Call Portal: https://rights.cameoindia.com/solaracallmoney3
- Accepted Methods: Net banking or UPI
- Restrictions: No cash payments, no part payments, no third-party bank account payments
Consequences of Non-Payment:
- Company may deduct unpaid amounts from future dividends
- Partly paid-up equity shares, including amounts already paid, may be forfeited
- Forfeiture will be in accordance with Companies Act 2013, SEBI ICDR Regulations 2018, Articles of Association, and Letter of Offer
Share Status Information:
- ISIN IN9624Z01014 (₹3.50 face value partly paid-up shares): Suspended from trading effective Friday, April 04, 2025
- ISIN IN9624Z01022 (₹7 face value partly paid-up shares): Suspended from trading effective Thursday, April 02, 2026
- Conversion process to ₹10 fully paid-up shares under ISIN INE624Z01016 estimated to take 2-3 weeks after Board/Committee approval
Additional Information:
- Notices available on company website (www.solara.co.in) and RTA website (www.cameoindia.com)
- Support available at +91 044 40020700/764/785/712 (Monday-Friday, 9 AM to 5 PM)
- Email support: rights@cameoindia.com and investors@solara.co.in
- Physical copies sent to shareholders without registered email addresses
- PAN must be linked with Aadhaar as per CBDT requirements
Other Operational / Legal / Strategic Disclosures
The notice references previous communications:
- First Call Money Notice dated April 07, 2025
- First Reminder Notice dated July 01, 2025
- Second Reminder Notice dated February 04, 2026
- Second and Final Call Notice dated April 06, 2026 (approved by Rights Issue Committee on Tuesday, March 24, 2026)
The rights issue was conducted pursuant to Letter of Offer dated May 09, 2024.