Members of the Exchange are hereby informed that the trading in the partly paid-up equity shares (Series: E1, ISIN: IN9624Z01014) of Solara Active Pharma Sciences Limited shall be suspended w.e.f. April 04, 2025 (i.e., closing hours of trading on April 03, 2025) on account of first call.
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NSE has informed members that trading in the partly paid-up equity shares of Solara Active Pharma Sciences, identified by the distinctive ISIN IN9624Z01014 (Series E1), will be suspended with effect from April 4, 2025 (i.e., from the close of trading on April 3, 2025). The suspension is on account of the company making the 'first call' on the unpaid portion of these partly paid-up shares. This is a routine procedural step that occurs when a company issues shares on a partly paid basis and subsequently demands the first instalment of the remaining amount from shareholders. Shareholders holding these Series E1 shares will be required to pay the call money as per the terms of the original issue.
Shareholders holding these specific Series E1 partly paid-up shares must pay the first call amount by the due date to avoid penalties or possible forfeiture. Liquidity in this specific share class will be paused from April 4, 2025, but the fully paid-up ordinary equity shares of the company are not affected by this suspension.