Intimation for notice dispatch of forfeiture of Partly Paid up Equity shares for non payment of First call money.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suraj Industries Ltd has forfeited 137,972 partly paid-up equity shares due to non-payment of the First Call Money. The company had issued these shares on a rights basis and had sent multiple notices starting January 28, 2026, followed by reminders on February 19 and March 16, 2026. The last date for payment was April 3, 2026. The Rights Issue Committee approved the forfeiture on April 13, 2026. As a result, all rights, title, and amounts already paid on these shares are forfeited, and the company can re-issue or dispose of these shares as per applicable laws.
Shareholders who failed to pay the First Call Money have lost their investment in the forfeited shares, including amounts already paid. The company will have flexibility to reissue or deal with these shares, which may impact its share capital structure.