Updates on Rights Issue-Second Reminder-cum-Forfeiture notice related to outstanding call money.
SOBHA · price
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Awaiting price reaction for this filing.
Sobha Limited has issued a second reminder to shareholders who have not yet paid the call money due on the company's earlier Rights Issue. This is a final warning before action — shareholders who fail to pay by the deadline will have their rights entitlements forfeited. The notice signals the company is actively pursuing outstanding payments from the rights issue. No new rights issue is being launched; this relates to closure of the existing one.
Shareholders who have not paid the call money risk losing their allotted rights shares, which will be a direct loss to them. For the broader stock, this may lead to a small number of shares returning to the company for re-allotment but is unlikely to move the share price meaningfully.