SOLARA: Solara Active Pharma Sciences Limited has informed the Exchange regarding the completion of dispatch of Second and Final call Money notice to the eligible Partly paid Rights equity shareholders.
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Solara Active Pharma Sciences has dispatched the Second and Final Call Money Notice for its rights issue (Letter of Offer dated May 9, 2024). The company issued 1,19,98,755 partly paid-up equity shares at ₹375 per share (ratio 1:3) on June 19, 2024. Shareholders paid ₹131.25 on application, followed by a first call of ₹131.25 in April-May 2025. The second and final call of ₹112.50 per share (₹3 face value + ₹109.50 premium) is now due, payable from April 23 to May 7, 2026. Trading of the partly paid-up shares (ISIN: IN9624Z01022) has been suspended from April 2, 2026 (record date). Failure to pay will result in forfeiture of shares including amounts already paid.
Shareholders must pay ₹112.50 per share by May 7, 2026 or risk forfeiture of their partly paid rights shares. After payment, shares will be converted to fully paid-up equity shares (₹10 face value).