Newspaper publication regarding Notice for Forfeiture of amount paid towards partly paid up shares
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National General Industries Ltd has published a notice in Financial Express and Jansatta on December 9, 2025, informing about the forfeiture of partly paid-up equity shares. The Board had approved this forfeiture on November 18, 2025, covering 10,47,600 partly paid-up shares of Rs. 10 face value each (with Rs. 5 paid up, comprising Rs. 2.50 face value and Rs. 2.50 securities premium). Shareholders had failed to pay the balance allotment money of Rs. 7.50 (face value) plus Rs. 2.50 (securities premium) per share. Multiple reminders were sent earlier on February 24, May 29, and July 11, 2025, with a final notice dispatched on December 3, 2025. Skyline Financial Services Pvt Ltd is acting as the registrar for any shareholder correspondence.
This is an enforcement action against shareholders who did not pay the balance amount on partly paid-up shares. The forfeited amount already paid (Rs. 5 per share) will be retained by the company, and the share count will reduce. While routine, it reflects shareholder defaults and will result in a marginal contraction of the company's paid-up share capital.