Please find enclosed disclosures on decision of Board of Directors to forfeit partly paid-up equity shares of the company
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National General Industries Ltd's board, at its meeting on 14th November 2025, approved the unaudited financial results for Q2 and H1 FY26 (ended 30 September 2025). The company swung to a net loss of Rs. 20.86 lakhs in Q2 FY26 versus a profit of Rs. 25.67 lakhs in Q2 FY25, with H1 FY26 showing a loss of Rs. 46.09 lakhs. Total income for Q2 stood at Rs. 254.22 lakhs, largely flat year-on-year, while the steel segment reported a loss of Rs. 23.40 lakhs. The board also approved forfeiture of 10,47,600 partly paid-up equity shares (face value Rs. 10 each) from holders who failed to pay the balance allotment money despite multiple reminders since February 2025.
The forfeiture slightly reduces the share count and unpaid capital burden, which is a small positive for the company, but the shift into losses in the core steel business is a concern for shareholders. Investors should watch whether the loss trend continues in H2 FY26.