Intimation regarding dispatch of Second Final reminder cum Forfeiture Notice for payment of first call on Partly paid up shares.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suraj Industries Ltd has sent out a second and final reminder along with a forfeiture notice to shareholders who have not paid the First Call money on their partly paid-up rights equity shares. The First Call amount due is Rs. 10 per share, which includes Rs. 2.50 towards face value and Rs. 7.50 towards share premium. The payment window runs from March 20, 2026 to April 03, 2026 (15 days). Shareholders who fail to pay will have their partly paid-up shares, along with the amount already paid, forfeited. Trading of these partly paid-up shares (ISIN: IN9170U01027) has already been suspended on the stock exchange since January 27, 2026. This notice follows the original First Call Money Notice dated January 28, 2026 and the earlier Final Reminder dated February 23, 2026.
Shareholders who received this notice must pay Rs. 10 per partly paid-up share by April 3, 2026 or risk losing both their shares and the money already paid. This is a negative signal as it indicates some shareholders are defaulting on the rights issue call money, which could affect the company's planned capital raise. Existing shareholders should watch for potential dilution if forfeited shares are reissued.