We would like to inform you that with reference to our Right Issue Forfeiture of Share application is approved.
SAPPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Ajit Pulp and Paper Ltd has received approval from BSE for the forfeiture of 32,616 partly paid-up equity shares of Rs. 10 each under its Rights Issue. The shares were forfeited because the allottees failed to pay the allotment or call monies. The distinctive numbers of the forfeited shares range from 3538518 to 3571133. BSE issued notice no. 20250728-16 dated 28 July 2025 approving the company's earlier application dated 25 February 2025. Trading members were informed of this forfeiture via the BSE notice.
This is a routine administrative event with minimal impact on shareholders. The forfeiture marginally reduces the company's paid-up share capital and is a normal consequence of allottees defaulting on call money payments for a rights issue.