Solara Active Pharma Sciences Limited has informed the Exchange that the Rights issue committee members at its meeting held on March 24, 2026, has approved the making of Second & Final call of Rs. 112.50/- per equity shares (Rs. 3.00/- towards face value and Rs.109.50/- towards securities premium) per Rights Share in respect of partly paid Rights Shares and Fixed the Record date as April 02, 2026 for the same.
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Solara Active Pharma Sciences has announced the second and final call money of Rs. 112.50 per share on its partly paid-up Rights Equity Shares. Of this, Rs. 3.00 goes towards face value and Rs. 109.50 towards securities premium. This call is pursuant to the original Letter of Offer dated May 09, 2024, meaning the rights issue was done in installments and shareholders now need to pay the remaining amount. The company has fixed Thursday, April 02, 2026 as the Record Date to identify eligible shareholders who will receive the call notice. Shareholders holding partly paid rights shares as of the record date will be required to remit this final installment to fully pay up their shares.
Holders of partly paid rights shares must arrange funds by the call payment deadline or risk forfeiture of shares. Once fully paid, share dilution is complete and the equity base is finalized, which could have a mild supply overhang in the short term as call money comes in.