Second and Final Reminder - Cum -Forfeiture Notice on First and Final Call
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Sharat Industries has issued a second and final reminder to holders of 4,30,783 partly paid-up Rights Equity Shares who have not paid the First and Final Call money of ₹23.25 per share (₹7.50 face value + ₹15.75 premium). These shares were originally allotted on August 12, 2024 under a rights issue, and the call money was due with a record date of February 7, 2025. A previous reminder successfully converted 14,46,454 partly paid-up shares into fully paid-up shares, but 4,30,783 shares remain unpaid. Shareholders have a final 10-day window from July 10, 2025 to July 19, 2025 to make the payment via demand draft. Failure to pay will result in forfeiture of those partly paid-up shares along with the amount already paid.
This is a final warning to delinquent shareholders, not a broad market-moving event. If 4,30,783 shares are forfeited after July 19, 2025, it will marginally reduce the share count but is unlikely to materially affect the stock price. Existing fully paid-up shareholders are not directly affected.