MITCON Consultancy & Engineering Services Limited has informed the Exchange about Copy of Newspaper Publication
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MITCON Consultancy & Engineering Services Limited has published newspaper notices on July 30, 2025, in Financial Express (English), Loksatta (Marathi), and Navbharat (Hindi) regarding the forfeiture of partly paid-up equity shares. The forfeiture covers 2,61,404 partly paid-up equity shares of face value ₹10 each, on which the first and final call money remains unpaid. Each share had ₹2.5 paid towards face value and ₹16.5 towards securities premium, totaling ₹19 per share. The forfeiture was approved by the Board of Directors at its meeting held on July 28, 2025, in line with the Companies Act, 2013, the Articles of Association, and the Letter of Offer.
Shareholders who failed to pay the first and final call money will lose their partly paid-up shares. For existing shareholders, the forfeiture reduces the pool of partly paid-up shares and may slightly tighten the equity base, though the overall impact on the stock is expected to be limited.