12,07,842 partly paid rights equity shares converted into fully paid shares on call money receipt

12,07,842 partly paid-up rights equity shares converted into 12,07,842 fully paid-up equity shares of face value ₹10 each.

Wed 7 Oct 2026

Shares converted to fully paid-up

12,07,842 partly paid-up rights equity shares converted into 12,07,842 fully paid-up equity shares of face value ₹10 each

First and Final Call Money

₹10 per share (₹5 face value + ₹5 securities premium)

Revised fully paid-up share capital

from ₹50,18,59,450 (5,01,85,945 shares) to ₹51,39,37,870 (5,13,93,787 shares)

What happened

• The Rights Issue Committee of the Board approved the conversion of 12,07,842 partly paid-up equity shares into 12,07,842 fully paid-up equity shares of face value ₹10 each.
• The conversion is in respect of shareholders who paid the First and Final Call Money of ₹10 per share — ₹5 towards face value and ₹5 towards securities premium.
• The approval was given at a meeting of the Rights Issue Committee on October 07, 2026.

Background of the issue

• The shares were issued and allotted on a rights basis at an issue price of ₹20 per share, including a premium of ₹10 per share, under a Letter of Offer dated July 08, 2025.
• Being partly paid-up, only part of the issue price had been received at allotment; the balance was to be collected as a call.
• A First Reminder cum Notice for payment of the First and Final Call was dated August 29, 2026, followed by intimation dated September 14, 2026 and September 21, 2026.

The call payment window

• Shareholders could pay the First and Final Call Money during the call payment period, including extension, from September 01, 2026 to October 01, 2026 (both days inclusive).
• The conversion covers those shareholders who paid within this period.

How the share capital changes

• Before: fully paid-up share capital of ₹50,18,59,450, consisting of 5,01,85,945 equity shares of ₹10 each.
• After: fully paid-up share capital of ₹51,39,37,870, consisting of 5,13,93,787 equity shares of ₹10 each.

What this means

• Partly paid-up shares become eligible for the rights attached to fully paid-up shares only once the balance call money is paid; this approval gives effect to that for the shareholders who paid.
• The increase in fully paid-up share capital reflects the call money received on 12,07,842 shares at ₹10 per share, which is ₹5 towards face value and ₹5 towards securities premium.
• For shareholders who paid, their holding now stands fully paid; the approval is limited to those shareholders who paid the call money during the stated period.

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