Final reminder notices issued for unpaid rights issue call money; payment window Oct 5 to Nov 4, 2026

The Rights Issue Committee approved final Reminder Notices to holders of partly paid-up equity shares who have not paid their call money.

Wed 30 Sep 2026

First Call Amount

₹450.00 per Rights Equity Share

Second and Final Call Amount

₹450.00 per Rights Equity Share

Issue Price

₹1,800.00 per Rights Equity Share

Payment Period

Monday, October 05, 2026 to Wednesday, November 04, 2026

What was decided

The Rights Issue Committee of the Board met on September 30, 2026 (4:30 p.m. to 5:00 p.m.) and approved issuance of Reminder Notices to holders of partly paid-up equity shares who have not yet paid the First Call and/or the Second and Final Call money under the rights issue made pursuant to the Letter of Offer dated November 12, 2025.

The amounts involved

• First Call: ₹450.00 per Rights Equity Share, comprising ₹0.25 towards face value and ₹449.75 towards premium.
• Second and Final Call: ₹450.00 per Rights Equity Share, on the same split.
• Each call equals 25% of the Issue Price of ₹1,800.00 per Rights Equity Share.
• Face value of each Rights Equity Share is ₹1 each.

Timeline

• Shareholding record for the notices: Friday, September 25, 2026.
• Payment period: Monday, October 05, 2026 to Wednesday, November 04, 2026, both days inclusive — 31 days.
• Last date of payment: Wednesday, November 04, 2026.
• On payment, shares of ₹1 each will be credited under the existing ISIN INE423A01024 and are estimated to be available for trading within three weeks from the last date of payment.

Consequences of non-payment

• The company states this is the final reminder and there will be no further calls for the Issue.
• Shares on which call money remains unpaid are liable to be forfeited under the Companies Act, 2013, the Articles of Association and the Letter of Offer — including the amount already paid on them.
• The company may deduct outstanding call sums from any future dividend payable.
• Part payment is not accepted and would be treated as non-payment; however, the Board or an authorised Committee may consider converting a proportionate lower number of shares to fully paid-up where a smaller amount is received.

How to pay

• Only by cheque or demand draft with a duly filled payment slip; cash is not accepted, and outstation cheques, money orders, postal orders and post-dated cheques are not accepted.
• Deposits at listed State Bank of India collection branches, payable to the designated call money accounts for resident and non-resident shareholders.
• Shareholders in locations without a collection centre may send payment by registered or speed post to the Registrar, MUFG Intime India Private Limited, so as to be received by November 04, 2026.

How to read this

This is a procedural step in an ongoing rights issue rather than a new fund-raising decision. It affects only those holders of partly paid-up shares who have not yet paid. For such holders, the choice is to pay the outstanding amount within the window or face possible forfeiture. Fully paid holders are not required to do anything.

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