Solara Active Pharma Sciences Limited has informed the Exchange about dispatch of second reminder Notice for payment of first call under Rights Issue.
SOLARA · price
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Awaiting price reaction for this filing.
Solara Active Pharma Sciences has sent out a second reminder to shareholders who have not yet paid the first call money due under its ongoing Rights Issue. A rights issue allows existing shareholders to buy additional shares, and the payment is being collected in installments (called 'calls'). The fact that a second reminder is needed suggests a portion of shareholders missed the first payment deadline. The reminder urges these shareholders to pay promptly to avoid potential forfeiture of their rights entitlement. This is a procedural update with no change to the issue size or terms.
Shareholders who received the reminder should pay the call money on time to retain their allotted shares; failure to pay may lead to forfeiture. The stock price impact is likely minimal as this is an administrative reminder rather than a new development.