Cyber Media (India) Limited has informed the Exchange about Disclosure regarding receipt of approval from NSE on May 19, 2026 for forfeiture of shares pursuant to Rights Issue of the Company.
CYBERMEDIA · price
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Cyber Media (India) Limited has received approval from the National Stock Exchange dated May 19, 2026 for forfeiting 1,71,329 (approximately 1.71 lakh) partly paid-up equity shares. These shares were originally issued under a Rights Issue of the company where shareholders had not fully paid the required amount. The company is awaiting similar approval from BSE Limited before proceeding with the forfeiture. Once BSE approval is received, the company will take necessary actions and make further disclosures. Shareholders who failed to pay the remaining dues on their partly paid shares will lose those shares.
Existing shareholders face dilution or loss of their partly paid shareholding if they did not complete payments. For investors, this represents a cleanup of the company's share capital structure, potentially improving the quality of the shareholder base.