Board of Directors in its meeting held on 21.07.2025 has considered and approved forfeiture of 63300 partly paid up equity shares as per list attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Raaj Medisafe India Ltd, at its meeting on July 21, 2025, approved the forfeiture of 63,300 partly paid up equity shares where the amount due per share was Rs. 5.00. These were old partly paid shares (likely from a historical issue) on which shareholders had not paid the balance call money despite a final reminder sent on March 25, 2025. The company has enclosed the detailed list of affected shareholders. Once forfeited, these shares stand cancelled, which will marginally reduce the total share count of the company.
This is a routine housekeeping action with no material impact on shareholders. It will result in a tiny reduction in the total number of outstanding shares (63,300 shares) and a small increase in the company's paid-up capital. Existing shareholders are not affected in any negative way; in fact, a marginal accretion in EPS is possible.