This is with reference to our letters dated February 04, 2026 in relation to the first and final call on the partly paid-up equity shares of the Company. The Board of Directors at its ....
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The Board of Directors of Gujarat Credit Corporation Ltd, at its meeting on 7th February 2026, approved the forfeiture of 2,20,00,000 (2.2 crore) partly paid-up equity shares of face value ₹10 each. The shares belonged to shareholders who failed to pay the First and Final Call money despite two opportunities — the initial call window (18–31 December 2025) and a Final Reminder cum Forfeiture Notice (8–22 January 2026). The forfeiture is subject to approval from BSE. The meeting lasted just 20 minutes, from 3:30 p.m. to 3:50 p.m.
Forfeiture of 2.2 crore shares is a negative development, as it signals that a significant number of shareholders were unable or unwilling to pay the balance call money, reducing the number of outstanding shares but also reflecting weak shareholder commitment. The final impact on stock price will depend on whether these forfeited shares are reissued later, which could dilute existing holders.