SOSobha532784Rights offering notice

Final reminder-cum-forfeiture notice on 20,857 partly paid rights shares

Sobha has sent a final reminder-cum-forfeiture notice for the first and final call money on its partly paid-up rights shares.

By ScoutQuest · Mon 19 Oct 2026, 6:35 PM IST · 2 min read

Call Money Per Share

₹ 825.50 per share (₹ 5.00 face value + ₹ 820.50 premium)

Payment Window

10 Nov 2026 to 24 Nov 2026

Partly Paid Shares Covered

20,857 outstanding partly paid shares

Sobha has issued a final reminder-cum-forfeiture notice asking holders of its partly paid-up rights equity shares to pay the first and final call money. Here is what the notice says.

The background

• The shares were allotted on July 11, 2024 on a rights basis under a Letter of Offer dated June 12, 2024.
• They are only partly paid, so holders still owe the balance amount on the call.
• A first and final call notice was issued earlier, on December 09, 2024; this is the final reminder before forfeiture.

How much has to be paid

• ₹ 825.50 per partly paid-up equity share.
• This comprises ₹ 5.00 towards face value and ₹ 820.50 towards premium.

The payment window

• Tuesday, 10 November 2026 to Tuesday, 24 November 2026, both days inclusive, a 15 days period.
• The last date for payment is Tuesday, 24 November 2026.

Which shares this covers

• The notice sent to the stock exchanges covers the outstanding 20,857 partly paid-up rights equity shares.
• These are part of the ~1.21 crore partly paid-up equity shares allotted under the rights issue.

What happens if payment is not made

• The partly paid-up shares, including the amount already paid on them, become liable to be forfeited.
• Part payment is treated as non-payment. The Board or an authorised committee may, however, consider converting a proportionately lower number of shares into fully paid-up shares against a lower payment.
• Sums outstanding on account of calls, and interest due, can be deducted from any dividend payable.

How payment works

• Cash is not accepted. Payment is by cheque or demand draft, deposited at Axis Bank collection centres or sent to the registrar, MUFG Intime India Private Limited.
• Payments made from third-party bank accounts are liable to be rejected.
• For a particular demat account or folio, payment can be made only once during the window; later payments are liable to be rejected.

Conversion into fully paid-up shares

• On payment, the company may convert the partly paid-up shares into fully paid-up shares, in tranches, at the discretion of the Board or its committee.
• Converted shares move from the partly paid-up ISIN IN9671H01013 to the fully paid-up ISIN INE671H01015.
• The partly paid-up ISIN was suspended by the stock exchanges with effect from Friday, December 06, 2024.
• The corporate action for conversion is estimated to be completed on a best effort basis within two to three weeks once the Board opts to convert.

What this means for a holder of these shares

• If you hold these partly paid-up shares and want to retain them, the full call money has to be paid on or before 24 November 2026.
• If it is not paid, the shares and the amount already paid on them can be forfeited.

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