Announced Thu, 9 Jul · 15:54 IST
BSE approves forfeiture of 7,54,452 partly paid-up shares
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.8%1-day move
₹9.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.8+2.9+2.2+4.7+1.7+0.8————
Up moveDown movePending
AI summary
BSE has approved JMJ Fintech's application to forfeit and cancel 7,54,452 partly paid-up equity shares (face value Rs 10, paid-up Rs 3). These shares were from a 2025 rights issue priced at Rs 10.50 per share. 488 defaulting shareholders failed to pay the first and final call of Rs 7.35 per share even after a March 2026 demand notice. The application money already paid has also been forfeited.
Likely market impact
Reduces outstanding share count by 7.54 lakh shares, reversing some dilution. Limited direct price impact, but shows company enforcing call payment rules.