Board meeting on 27 October to consider last and final forfeiture notice on partly paid rights shares
Board meeting on Tuesday, 27 October 2026.
By ScoutQuest · · 1 min read
- Board Meeting Date
- Tuesday, 27 October 2026
- Rights Issue Letter of Offer Date
- 25 January 2024
- Trading Window Closure
- until 48 hours after the Q2/H1 results are declared
Board meeting scheduled
The Board of Directors is scheduled to meet on Tuesday, 27 October 2026 at the registered office at 188/2, Ranipur Village, Narol, Ahmedabad.
What is on the agenda
- A last and final reminder-cum-forfeiture notice for the payment of outstanding call money on partly paid-up equity shares of the company.
- These shares were allotted under the Rights Issue made pursuant to the Letter of offer dated 25 January 2024.
- Any other agenda or matter, with the permission of the Chairman of the Board Meeting.
What partly paid-up shares and call money mean
When shares are partly paid-up, the investor pays only part of the issue price at allotment. The remaining amount, called call money, is collected later when the company makes a call. If a shareholder does not pay, the company can send a reminder and, if the amount still stays unpaid, forfeit the shares. Here the Board is considering the last and final reminder-cum-forfeiture notice, so this is the closing stage of the payment process for the shares concerned.
Trading window
The trading window for dealing in the company's equity shares is closed for all Directors, Designated Persons and their immediate relatives/connected persons. The update links this to the consideration and approval of the unaudited financial results. The window will stay closed until 48 hours after those results, for the quarter and half year ended 30 September 2026, are declared.
What to keep in view
- This is an intimation of a board meeting. What the Board actually decides will be known only after the meeting.
- The forfeiture item relates only to the partly paid-up shares allotted in the Rights Issue under the Letter of offer dated 25 January 2024.
Also from Yarn Syndicate
BSE Trading Approval Received for 5,000 Shares Converted from Partly Paid to Fully Paid
29 Sep 2026
More numbers
- Trading window closure period after results are declared48 hours
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