Suraj Estate Developers forfeited ₹49.88 crore received for 1.33 million convertible warrants after the holder failed to exercise conversion within 18 months.
The forfeiture follows SEBI ICDR Regulation 163(3) provisions as the conversion option expired on April 8, 2026.
This disclosure is made under SEBI Listing Obligations Regulation 30 to comply with capital market disclosure requirements.
The company notified both NSE (Symbol: SURAJEST) and BSE (Scrip Code: 544054) about this regulatory compliance event.