1.The conversion of 14,43,434 partly paid up equity shares having a face value of Rs.10/ each (Rs. paid up) bearing ISIN: IN9201F01013 into fully paid up equity shares having a face value ....
Awaiting price reaction for this filing.
Shri Niwas Leasing and Finance Limited has completed the conversion of 14,43,434 partly paid-up equity shares (face value Rs. 10, Rs. 5 paid-up) into fully paid-up equity shares after receiving the First and Final Call money of Rs. 5 per share. The company received Rs. 72,17,170 in aggregate from these shareholders. The remaining 3,85,26,566 partly paid-up shares with unpaid call money of Rs. 19,26,32,830 will receive a Final Reminder cum Forfeiture Notice. This concludes the rights issue process initiated in April 2025 where shares were allotted on a rights basis per the Letter of Offer dated February 20, 2025.
Shareholders who paid the call money will now hold fully paid-up shares, which may improve their liquidity and tradability. The company will pursue forfeiture for non-paying shareholders, potentially reducing the share capital base.