Gujarat Credit Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/02/2026 ,inter alia, to consider and approve the forfeiture of ....
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Awaiting price reaction for this filing.
The board of Gujarat Credit Corporation Ltd has called a meeting on February 7, 2026. The key item on the agenda is to consider and approve the forfeiture of partly paid-up equity shares of the company. Partly paid-up shares are shares where investors have not paid the full issue price, and forfeiture means the company can cancel these shares for non-payment. This is a procedural corporate action to clean up the share register. No other major business matters like dividends or expansion plans are mentioned in this filing.
Holders who did not pay the full amount on partly paid-up shares stand to lose their holdings. For fully paid shareholders, this could marginally tighten the share structure by reducing outstanding partly paid shares, but it is a routine housekeeping action with limited stock price impact.