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Awaiting price reaction for this filing.
The board of Aarcon Facilities Ltd met on 11 July 2025 and approved two main items. First, the company will issue a final reminder and forfeiture notice to shareholders who have not paid the allotment money on their partly paid-up equity shares, meaning those shares may be forfeited if payment is not received. Second, the board approved the closure of the company's Bank of India account. No decisions related to dividends, buybacks, bonus shares, or stock splits were announced. The meeting lasted 30 minutes, from 11:00 a.m. to 11:30 a.m.
For shareholders holding partly paid-up shares, this is a warning to pay the outstanding allotment money promptly or risk having their shares forfeited. The bank account closure is a routine administrative move and is unlikely to affect the stock price.