UPL Limited has informed the Exchange regarding 'Update on Rights Issue - Receipt of Second and Final Call money on the partly paid-up equity shares of the Company'.
UPL · price
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UPL Limited has informed the exchange that it is receiving the second and final call money on the partly paid-up equity shares issued under its rights issue. This means the rights issue process is being completed, with shareholders who had initially paid only part of the share price now being asked to pay the remaining amount. The rights shares, which were issued on a partly paid basis, are moving toward becoming fully paid-up equity shares. This is a routine procedural update confirming the closure of the rights issue fund-raising cycle. Shareholders who did not pay the final call money may face forfeiture of their partly paid shares as per the issue terms.
This announcement signals the successful completion of UPL's rights issue fund-raising exercise. For shareholders, it means their partly paid shares will now convert to fully paid-up shares, and existing shareholders who did not participate or pay the final call may lose their shares. No immediate stock price impact is expected as this is a procedural update.