Solara Active Pharma Sciences Limited has informed the Exchange regarding receipt of call money pursuant to the First Reminder Notice issued for payment of First Call Money on the outstanding partly paid-up Rights Equity Shares of the Company.
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Solara Active Pharma Sciences has received approximately Rs. 4.88 crore as the first call money (Rs. 131.25 per share) from holders of 3,71,779 partly paid-up Rights Equity Shares, following a reminder notice issued on July 1, 2025. These shares, originally allotted on June 19, 2024 under a rights issue, will be converted from Rs. 3.50 paid-up to Rs. 7 paid-up per share. After this conversion, the company's paid-up equity capital rises to about Rs. 44.47 crore spread across fully paid-up shares, partly paid-up Rs. 7 shares (1.17 crore), and remaining partly paid-up Rs. 3.50 shares (2,37,209). About 39% of the original 6,08,988 partly paid-up rights shares remain unpaid after this first call tranche.
This is a routine procedural update on an ongoing rights issue call money collection — no new capital raise, dividend, or material strategic change. Short-term stock impact is likely minimal, but the large unpaid balance (around 2.37 lakh shares) may lead to further reminder notices or potential forfeiture proceedings later.