Solara Active Pharma Sciences Limited has informed the Exchange about dispatch of Notice to the eligible shareholders of the First call money of the Rights Equity shares.
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Solara Active Pharma Sciences has informed the stock exchange that it has dispatched notices to eligible shareholders regarding the first call money due on Rights Equity Shares. This is part of an ongoing rights issue where allotted shareholders are required to pay the first installment of the share price. Shareholders who were allotted rights shares must pay the called-up amount by the due date to avoid forfeiture of shares.
Existing allottees of the rights issue need to arrange funds and pay the first call money before the deadline to retain their allotted shares. Failure to pay may lead to forfeiture, and the stock price may see minor pressure if many shareholders default.