Board of Directors of the Company in its meeting held on 21.07.2025 has considered and approved the forfeiture of 63300 partly paid up equity shares.
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The Board of Directors of Raaj Medisafe India Ltd, at its meeting held on July 21, 2025, approved the forfeiture of 63,300 partly paid up equity shares. These shares had only Rs. 5 per share paid up, with shareholders failing to pay the remaining balance amount despite a final reminder sent on March 25, 2025. The forfeiture list includes hundreds of shareholders spread across India, with many based in Rajkot and other cities. The company has cancelled these shares as a result of non-payment of the call money due on them. This is a routine corporate action where shares are taken back from defaulting allottees.
The forfeiture reduces the company's share capital by 63,300 shares and is a neutral-to-slightly positive housekeeping action, as it eliminates unpaid obligations. For existing shareholders, there is no material impact on stock price or earnings; it mainly cleans up the company's books.