The Company has sent Notice of Forfeiture of shares dated December 14, 2025 to all the holders of 11,73,100 partly paid-up equity shares of the Companyn whose shares have been forfeited ....
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Aarcon Facilities Ltd has officially forfeited 11,73,100 partly paid-up equity shares held by shareholders who failed to pay the money due on allotment by the August 30, 2025 deadline. The company's Board of Directors approved the forfeiture at their meeting held on November 10, 2025, after sending three reminder notices (May 26, June 23, and July 22, 2025). The formal forfeiture notices were dispatched to the concerned shareholders on December 14, 2025. Under the forfeiture, shareholders lose all interest in the shares as well as any amount previously paid on them. The company may now sell, re-allot, or cancel these forfeited shares as it deems fit.
This will reduce the company's outstanding partly paid-up share count and any amounts already paid by defaulting shareholders will be retained by the company. The stock price is unlikely to be materially affected as this primarily impacts a specific group of defaulting allottees rather than the broader shareholder base.