Solara Active Pharma Sciences Limited has informed the Exchange about Copy of Newspaper Publication with respect to Second reminder for payment of the First Call money - Rights Issue (Partly paid- up shares)
SOLARA · price
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Awaiting price reaction for this filing.
Solara Active Pharma Sciences has published a newspaper notice serving as the second reminder to shareholders for paying the First Call money on the partly paid-up shares issued under its earlier Rights Issue. Shareholders who had applied for rights entitlements but have not yet paid the first call installment are being reminded to remit the dues within the stipulated deadline to avoid forfeiture of their partly paid-up shares. The notice has been submitted to the exchange as part of the company's compliance with listing requirements. This is a routine regulatory filing and not a new fundraising event.
Investors who hold partly paid-up rights shares of Solara should pay the outstanding call money on time to prevent forfeiture of their shares. Failure to pay could result in loss of the partly paid-up equity, though this announcement is procedural and unlikely to have any direct material impact on the stock price.