This is to inform you that the Company has received forfeiture approval from the BSE Limited for forfeiture of 6,23,800 partly paid-up equity shares of the Company, on which the holders thereof ....
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Ikoma Technologies Ltd (formerly Vuenow Infratech Ltd) has received BSE approval to forfeit 6,23,800 partly paid-up equity shares. These shares are being forfeited because the holders failed to pay the balance allotment or call money despite receiving a Last and Final Reminder-Cum-Forfeiture Notice dated October 12, 1996. The forfeiture affects shareholders across multiple folio numbers and distinctive share ranges listed in the annexure. The shares had a face value of Rs. 10 each but were only partly paid up. The company is cleaning up its share register by cancelling shares where calls remained unpaid.
Existing shareholders who have paid their calls in full are not affected. Shareholders whose shares were forfeited lose their entire investment in those shares. The company reduces its partly paid-up share count, which may slightly improve its shareholder structure clarity.