MITCON Consultancy & Engineering Services Limited has informed the Exchange regarding 'DISPATCH OF FIRST AND FINAL CALL CUM FORFEITURE NOTICE TO THE HOLDERS OF PARTLY PAID-UP EQUITY SHARES (ISIN: IN9828O01015) HELD AS ON THE RECORD DATE i.e. FRIDAY, JUNE 13, 2025'.
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MITCON Consultancy & Engineering Services has issued the First and Final Call notice to holders of partly paid-up equity shares (ISIN: IN9828O01015) from its 2024 rights issue. Shareholders must pay ₹57 per share (₹7.50 face value + ₹49.50 premium) between July 9 and July 23, 2025. The call covers 42,41,321 outstanding partly paid-up shares. Trading of these partly paid shares has been suspended on NSE from June 13, 2025. If shareholders fail to pay, their shares will be forfeited along with the amount already paid. Shareholders who pay will receive fully paid-up shares under ISIN INE828O01033 within 2-3 weeks after July 23, 2025.
Shareholders holding the partly paid-up rights shares must pay ₹57 per share by July 23, 2025 to avoid forfeiture of both the shares and the initial ₹19 already paid. Those who do pay will see their shares convert to fully paid-up status and become tradable again, while non-payers lose their entire investment.