Newspaper Advertisement - Notice of Forfeiture to Party Paid-up Equity Shareholders
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Tulsyan NEC Ltd has published a newspaper advertisement issuing a notice of forfeiture to shareholders who hold partly paid-up equity shares. This means the company is moving to take back (forfeit) shares from certain shareholders who have not paid the full amount due on those shares. The advertisement is a legal/public notice step required before formally cancelling these shares. No specific number of shares or shareholders affected has been mentioned in this filing. This is a standard corporate procedure under the Companies Act for recovering unpaid share capital.
This is a procedural step and not a new business development. It may result in the cancellation of some partly paid shares, slightly increasing the paid-up capital percentage per share. Existing shareholders should not be directly affected unless they hold partly paid-up shares that are subject to forfeiture.