Reminder-cum-Forfeiture Notice in respect of Final call on outstanding partly paid-up Equity Shares of the Company pursuant to the Regulation 30 of the securities and Exchange Board of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Credit Corporation has approved sending a final reminder-cum-forfeiture notice to shareholders who have not paid the final call money of Rs. 7.50 per share on 2.20 crore partly paid-up equity shares. The total unpaid amount comes to Rs. 16.50 crore. This is the second notice, following an earlier letter dated December 16, 2025. Originally, the company had issued shares at Rs. 10 each (total issue size Rs. 22 crore) and had collected only Rs. 2.50 per share as application money (Rs. 5.50 crore). Shareholders who fail to pay now risk having their shares forfeited by the company.
For shareholders who do not pay, their shares will be forfeited, meaning they lose both the shares and the money already paid. For the company, forfeiture is mildly positive as it frees up those shares for reissue, but the Rs. 16.50 crore in pending capital remains a concern about the seriousness of the original issue. The stock itself is unlikely to see major movement from this announcement.