SNShri Niwas Leasing And Finance538897Rights offering notice

Final reminder-cum-forfeiture notice for ₹5 call money on ~3.85 crore partly paid-up shares

Final Reminder cum Forfeiture Notice sent to holders of partly paid-up shares who have not paid the First and Final Call Money.

By ScoutQuest · Wed 21 Oct 2026, 6:43 PM IST · 3 min read

Call money due

₹5/- per partly paid-up equity share

Outstanding

₹ 19,26,32,830/- on ~3.85 crore partly paid-up equity shares

Payment window

November 06, 2026 and November 20, 2026 (15 days, both days inclusive)

What was approved

The Rights Issue Committee of the Board, at its meeting held on October 21, 2026, approved sending a Final Reminder cum Forfeiture Notice to holders of partly paid-up equity shares (ISIN IN9201F01013) on which the First and Final Call Money remains unpaid. These shares were issued on a rights basis under the Letter of Offer dated February 20, 2025.

Amounts involved

• Call money due: ₹5/- per partly paid-up equity share.
• Total outstanding: ₹ 19,26,32,830/- across ~3.85 crore partly paid-up equity shares.
• Face value per partly paid-up share: ₹10/-, of which ₹5/- is already paid-up.

Payment window

• Open from Friday, November 06, 2026 to Friday, November 20, 2026, a period of 15 days (both days inclusive).
• November 20, 2026 is the last date of payment; after that the Registrar will not accept any call money payment.

If the call money is not paid

• The partly paid-up shares in respect of which the money remains unpaid are liable to be forfeited, together with the ₹5/- per share already paid.
• Forfeiture also covers dividends declared on those shares and not actually paid before forfeiture.
• The forfeited shares become the property of the Company and may be sold or otherwise disposed of as the Board thinks fit.
• The holder ceases to be a member in respect of those shares, but remains liable to pay all moneys payable at the date of forfeiture, with interest at 15% per annum, until paid in full.
• The notice states this is the final opportunity and that no further reminder is proposed.

If the call money is paid

• The partly paid-up shares are converted into fully paid-up equity shares and credited under ISIN INE201F01015.
• Conversion is at the discretion of the Board and may be done in tranches.

How payment works

• Modes are NEFT/RTGS or cheque/demand draft; cash is not accepted.
• A payment for a particular demat account or folio is accepted only once during the window; later payments are liable to be rejected.
• Cheques and demand drafts must reach the Registrar on or before the last date; post-dated cheques are rejected.
• Part payment is treated as non-payment, though the Board may, at its discretion, convert a proportionately lower number of shares against a lower amount paid.

Background

• ~14.43 lakh partly paid-up equity shares were already converted into fully paid-up shares after the earlier call money period from March 25, 2026 to April 08, 2026.
• Trading in the partly paid-up shares (Scrip Code 890213, Symbol SNLFPP) has been suspended on BSE Limited with effect from March 06, 2026, and the ISIN has accordingly been suspended by NSDL and CDSL.

How to read this

• For a shareholder still holding partly paid-up shares, this notice sets a firm deadline; paying by November 20, 2026 is what converts the holding into fully paid-up shares.
• The consequence of not paying is spelled out in the Articles of Association: loss of the shares and of the amount already paid, while the liability for unpaid money continues with interest.
• For other investors, the notice indicates how much of the partly paid-up issuance remains to be collected by the Company: ₹ 19,26,32,830/- on ~3.85 crore shares.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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