Rights Issue: Final Reminder-cum-Forfeiture Notice Approved for Unpaid Call Money

Rights Issue Committee approved (circular resolution, October 09, 2026) a fresh Final Reminder-cum-Forfeiture Notice for holders of partly paid-up Rights Equity Shares with unpaid First Call Money and/or Second and Final Call Money.

Fri 9 Oct 2026

Approval Route and Date

circular resolution, October 09, 2026

Item Approved

fresh Final Reminder-cum-Forfeiture Notice

Notice Applies To

holders of partly paid-up Rights Equity Shares with unpaid First Call Money and/or Second and Final Call Money

The company has informed the exchanges about the next step in its rights issue process.

What was approved

• The Rights Issue Committee passed a circular resolution on October 09, 2026.
• By that resolution, it approved the issuance of a fresh Final Reminder-cum-Forfeiture Notice.
• The notice is for holders of partly paid-up Rights Equity Shares who have not paid the outstanding First Call Money and/or Second and Final Call Money.
• The company is finalising the notice and will intimate the exchanges separately once it is dispatched.

Understanding the terms

A rights issue can be structured so that shareholders pay the issue price in instalments instead of all at once. Shares on which only part of that price has been received are called partly paid-up shares, and each instalment the company asks for is a call. The two amounts named here are the First Call Money and the Second and Final Call Money.

The words final reminder and forfeiture in the name of the notice point to it being the company's last request for the unpaid amounts, ahead of action on the shares as per the terms of the rights issue. Shareholders who have paid their calls in full are not the audience for this notice; it is aimed at those who have not paid the outstanding call money.

What to watch

• The company's separate intimation when the notice is dispatched.
• Whether you are affected depends on whether you hold partly paid-up Rights Equity Shares on which the First Call Money and/or the Second and Final Call Money is still outstanding.

This update is about the approval to issue the notice; the dispatch is stated to follow separately.

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