Outcome of the Right Issue Committee meeting held on April 13 , 2026.
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Suraj Industries Ltd's Rights Issue Committee met on April 13, 2026 to address unpaid First Call Money on partly paid-up Rights Equity Shares. Out of 1,68,629 shares with Rs. 16.86 lakh unpaid, only 30,657 shares (Rs. 3.07 lakh) were paid during the reminder period. These 30,657 shares will be converted from Rs. 2.5/- paid-up to Rs. 5/- paid-up status. The remaining 1,37,972 shares with Rs. 13.80 lakh unpaid will be forfeited, and forfeiture notices will be issued to defaulting shareholders.
Shareholders who failed to pay the First Call Money risk losing their 1,37,972 partly paid-up Rights Equity Shares through forfeiture. The company's paid-up capital structure will be regularized for compliant shareholders.