Forfeiture of 45442 partly paid up equity shares of face value Rs. 10/- each
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Mantra Capital Ltd has approved the forfeiture of 45,442 partly paid-up equity shares (face value Rs. 10 each) because shareholders failed to pay the first and final call money of Rs. 2 per share. The company had originally issued a call notice on September 14, 2024, and followed up with three reminders in December 2024, February 2025, and July 2025, but these shareholders never paid. With no response, the board decided at its January 30, 2026 meeting to forfeit these shares. The total unpaid amount involved is approximately Rs. 90,884 (45,442 shares × Rs. 2). Forfeiture is a standard recovery action where the company takes back the shares; the company may later reissue or cancel them.
This is a minor, routine corporate housekeeping action with negligible impact on existing shareholders or the stock price, as only a small number of partly paid-up shares are involved.