Final reminder-cum-forfeiture notice for partly paid shares; call payment window open Nov 2 to Nov 16, 2026
Board meeting held on Tuesday, 27th October, 2026, from 12:00 p.m. to 12:30 p.m.
By ScoutQuest · · 2 min read
- Board Meeting Date
- Tuesday, 27th October, 2026, from 12:00 p.m. to 12:30 p.m.
- Call Payment Period
- Monday, November 02, 2026 to Monday, November 16, 2026 — 15 days
- Letter of Offer Date
- January 25, 2024
What the board decided
Yarn Syndicate Ltd held a board meeting on Tuesday, 27th October, 2026, which commenced at 12:00 p.m. and concluded at 12:30 p.m. The board considered and approved the issue of a Last and final Reminder-cum-Forfeiture notice to the holders of Partly Paid-up Equity Shares who have not paid the First and Final Call Money. That call money was called on a right basis pursuant to the Letter of Offer dated January 25, 2024.
The background in simple terms
- A partly paid-up share is a share for which the investor has paid only a part of the amount due, with the rest collected later through a call.
- A call is a demand by the company for the unpaid portion of the share price.
- Here, the company says the First and Final Call Money on these partly paid-up shares, offered on a right basis, has not been paid by some holders.
- A forfeiture notice is the company's formal final reminder before it can act against those unpaid shares under its terms.
The payment window
The Call Payment Period is open from Monday, November 02, 2026 and closes on Monday, November 16, 2026. The update describes this as a total number of days of 15.
Who this concerns
This action is directed at holders of Partly Paid-up Equity Shares who have not paid the First and Final Call Money. Holders who have already paid the call amount are not the subject of this notice. The board's approval covers the issue of the notice; the notice itself is being sent to those holders along with the instructions for making the outstanding payment of the First and Final Call Money.
Where holders can see it
The Last and final Reminder-cum-Forfeiture notice, together with the instructions for the outstanding payment, is being sent to the holders of the Partly Paid-up Equity Shares who have not paid the call money. The notice will also be uploaded on the company's website at https://www.yarnsyndicate.in/.
How to read this
- For the company, this is a step towards closing out unpaid call money on its partly paid-up shares.
- For an affected holder, the practical point is the deadline: the Call Payment Period closes on Monday, November 16, 2026, and the notice carries payment instructions.
- The update does not change anything for holders of fully paid-up shares; it is specific to partly paid-up shares where the First and Final Call Money is still unpaid.
The tone of the disclosure is procedural and time-bound: a board decision, a defined payment window of 15 days, and a reminder notice going out to the holders concerned.
Also from Yarn Syndicate
Last & Final Reminder-cum-Forfeiture Notice issued to holders of partly paid-up rights shares
28 Oct 2026
Board meeting on 2 November 2026 to consider unaudited Q2 and half-year results
27 Oct 2026
Board meeting on 27 October to consider last and final forfeiture notice on partly paid rights shares
22 Oct 2026
More numbers
- Call Payment Period (total number of days)15
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.