Spandana Sphoorty Financial542759Rights offering notice

Reminder-cum-forfeiture notice dispatched for ₹115.00 first and final call on partly paid shares

The company has dispatched a Reminder-cum-Forfeiture Notice for the First and Final Call of ₹115.00 per partly paid-up equity share (₹5.00 face value + ₹110.00 premium).

By ScoutQuest · Fri 6 Nov 2026, 7:24 PM IST · 3 min read

₹115.00First and Final Call per partly paid-up equity share

Premium component of the call₹110.00

Face value component of the call₹5.00

First and Final Call per partly paid-up equity share ₹115.00: Premium component of the call ₹110.00, Face value component of the call ₹5.00.

Call amount: ₹115.00 per partly paid-up equity share (₹5.00 face value + ₹110.00 premium)
Payment window: November 13, 2026 to November 27, 2026 (15 days)
Unpaid shares: ~4.29 lakh partly paid-up equity shares

What has been sent out

The Board of Directors, at its meeting held on October 30, 2026, approved the dispatch of a Reminder-cum-Forfeiture Notice for the First and Final Call of ₹115.00 per partly paid-up equity share, comprising ₹5.00 towards face value and ₹110.00 towards premium.
The notice, with detailed instructions and payment slips, has been sent electronically to holders of partly paid-up equity shares whose e-mail addresses are registered, with physical copies going to those not registered with Depository Participants.
This is the First and Final Call, and there will be no further calls with respect to the rights issue (Letter of Offer dated July 18, 2025).

How much of the call money has come in

During the initial payment period of September 9, 2026 to September 23, 2026, the company received the First and Final Call towards ~1.69 crore partly paid-up equity shares. These were converted into fully paid-up equity shares on September 29, 2026.
~4.29 lakh partly paid-up equity shares are still outstanding with the First and Final Call unpaid.

Payment window and mode

The payment period is November 13, 2026 to November 27, 2026, a duration of 15 days (both days inclusive). November 27, 2026 is the last date for payment.
Payment can be made through the R-WAP facility by net banking or UPI, or by cheque or demand draft along with the payment slip.
Cash payment is not accepted, and no part payment is accepted. Payments made from third-party bank accounts are rejected.
The demat account must be active and free from any pledge or encumbrance to avoid rejection.

What happens if the call is not paid

Interest at 10% per annum continues to be levied on the outstanding call money from September 24, 2026 until the actual date of payment.
The company, if the Board so decides, is entitled to apply any future dividend payable to the shareholder towards sums outstanding on account of calls and interest.
The partly paid-up equity shares, including the amount already paid at the time of application, are liable to be forfeited.

Trading and conversion

Trading in the outstanding partly paid-up equity shares has remained suspended on the stock exchanges since August 19, 2026 (closing hours of trading on August 18, 2026) on account of the First and Final Call.
Shareholders who pay during the payment period will be allotted fully paid-up equity shares of face value of ₹10 each under the existing ISIN, after the necessary regulatory formalities and corporate actions.
That process is expected to complete within 2-3 weeks from the last date of the payment period, after which those fully paid-up equity shares will be available for trading on the stock exchanges.

How to read this

For holders of the ~4.29 lakh partly paid shares, this is a deadline to act on: pay ₹115.00 per share plus interest in the November 13-27, 2026 window, or the holding can be forfeited. For other investors, it explains the tail end of the rights issue process and the suspension of the partly paid line until conversions are completed.

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