UPL Limited has informed the Exchange about Forfeiture and cancellation of partly paid-up equity shares

UPL Limited has informed the stock exchange that it has forfeited and cancelled certain partly paid-up equity shares. This action is typically taken when shareholders fail to pay the remaining balance (call money) due on shares they had partly paid for. As a result, these shares are taken back by the company and cancelled, reducing the total number of partly paid-up equity shares outstanding. The exact number of shares affected and the amounts involved have not been specified in the headline. This is a routine corporate housekeeping action that does not affect fully paid-up shares.