Solara Active Pharma Sciences Limited has informed the Exchange about Copy of Newspaper Publication made by the Company on the Record date fixed for the purpose of dispatch of the First call Notice to the eligible shareholders
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Solara Active Pharma Sciences has submitted to the stock exchanges a copy of a newspaper advertisement regarding the record date for the First Call on its partly paid-up equity shares, which were allotted on June 19, 2024 on a rights basis. The record date had already been fixed and communicated to the exchanges via an earlier intimation dated March 26, 2025. The advertisement was published on April 9, 2025 in the English daily 'Financial Express', the Hindi daily 'Jansatta', and the Mumbai edition of the Marathi newspaper 'Navshakti'. The disclosure is being made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), 2015.
This is a procedural disclosure reminding eligible shareholders about the upcoming First Call payment due on the partly paid-up shares they received in the June 2024 rights issue. Shareholders on record as of the record date will need to pay the First Call amount by the scheduled due date to avoid forfeiture, but this filing itself is unlikely to move the stock price.