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Awaiting price reaction for this filing.
RLF Ltd's Board, at its meeting on September 2, 2025, approved the forfeiture of 3,45,423 partly paid-up equity shares (face value Rs. 10 each) because shareholders failed to pay the first and final call money on these shares. The forfeiture includes any amounts already paid by those shareholders, meaning they lose both the unpaid balance and what they had previously paid. The company has been pursuing call money collections since early 2025 and had previously converted 2,000 partly paid shares upon receipt of payment. Separate forfeiture notices will be sent to affected shareholders.
This is a negative event for the specific shareholders who failed to pay the call money, as they lose their shares and the amounts already paid. For existing shareholders, the reduction in share count and paid-up capital may marginally improve earnings per share, though the 3.45 lakh shares forfeited is typically a small portion of total share capital for a listed company.