UPL Limited has informed the Exchange regarding 'Final Reminder cum Forfeiture Notice to the holders of partly paid-up equity shares'.
UPL · price
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UPL Limited has issued a final reminder cum forfeiture notice to shareholders who hold partly paid-up equity shares. This notice is the last call for these shareholders to pay the remaining unpaid amount on their shares. If the payment is not made by the deadline mentioned in the notice, the company will forfeit these partly paid-up shares. The forfeiture is part of a standard process when shareholders fail to meet call money obligations on partly paid shares.
Shareholders holding UPL's partly paid-up shares risk losing their shares entirely if they do not pay the remaining call money before the deadline. This is a routine corporate action and is unlikely to materially impact the stock price or regular fully paid-up shareholders.