Updates On Rights Issue Third and Final Reminder Cum Forfeiture Notice Related To Outstanding Call Money.
SOBHA · price
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Sobha Limited has issued a third and final reminder to shareholders who have not yet paid the First and Final Call money of ₹825.50 per share (₹5 face value + ₹820.50 premium) on partly paid-up Rights Equity Shares. The call money is due on 28,202 outstanding partly paid-up shares that were allotted in July 2024 under the rights issue. Shareholders have a 15-day window from September 12 to September 26, 2025 to make the payment via cheque or demand draft at designated Axis Bank branches. If payment is not received by September 26, 2025, these shares along with the amount already paid will be forfeited in line with the Companies Act and the Letter of Offer. Upon payment, partly paid-up shares will be converted to fully paid-up shares under a different ISIN. The ISIN for partly paid-up shares has been suspended by stock exchanges since December 6, 2024.
This is a final warning to the few remaining shareholders (holding 28,202 shares) who haven't paid the call money — they risk losing their entire investment including amounts already paid. For the broader market and stock price, the impact is negligible given the very small number of shares involved.