Solara Active Pharma Sciences Limited has informed the Exchange regarding Dispatch of First Reminder Notice for payment of First Call Money made on July 01, 2025.
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Solara Active Pharma Sciences has sent the first reminder notice to shareholders who have not yet paid the First Call Money on partly paid-up equity shares allotted under its 2024 Rights Issue. The call amount is ₹131.25 per share, made up of ₹3.50 face value and ₹127.75 premium. Shareholders must pay between July 7 and July 21, 2025. Once paid, their shares will be converted from ₹3.50 partly paid-up to ₹7 partly paid-up, and then move to a new ISIN. The original trading in these partly paid shares has been suspended by the stock exchanges since April 4, 2025. If shareholders fail to pay, their partly paid shares (including any amount already paid) may be forfeited.
Shareholders who hold partly paid-up rights shares from the 2024 issue must pay ₹131.25 per share by July 21, 2025 to avoid forfeiture. After payment, shares will become tradable again on the exchanges, potentially increasing float and liquidity in Solara stock.