Intimation on Forfeiture approval received from the BSE on forfeiture of 2,05,259 partly paid up equity shares of the Company.
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Tulsyan NEC Limited has received approval from BSE on July 28, 2025, to forfeit 2,05,259 partly paid-up equity shares of Rs. 10 face value. These include 94,815 shares on which Rs. 6 was paid up and 1,10,444 shares on which only Rs. 3 was paid up. The forfeiture follows a Last and Final Reminder-Cum-Forfeiture Notice issued on February 27, 2023, after shareholders failed to pay the balance allotment or call money. The forfeiture was approved at the Board Meeting held on March 27, 2025.
This is a housekeeping action that slightly reduces the company's share count, which could marginally improve earnings per share. It is unlikely to have a meaningful effect on the stock price since it involves a small number of shares held by defaulters.