Description
BSE circular regarding forfeiture of partly paid equity shares of Tulsyan NEC Ltd with detailed reconciliation data.
Summary
BSE has issued a circular regarding the forfeiture of partly paid equity shares of Tulsyan NEC Ltd. The circular includes detailed reconciliation data showing DNR (Demat Request) loaded and not loaded positions as of February 25, 2025, covering both NER 6/- PP and NEP 3/- PP share categories.
Key Points
- Forfeiture applies to partly paid equity shares of Tulsyan NEC Ltd
- Reconciliation data provided for shares as of February 25, 2025
- Covers two categories: NER 6/- PP (Partly Paid at ₹6) and NEP 3/- PP (Partly Paid at ₹3)
- Detailed folio-wise breakup of shares held and certificate numbers provided
- DNR positions tracked for loaded and not loaded status as of January 23, 2025
Regulatory Changes
Forfeiture of partly paid shares that were not fully paid up by shareholders within the stipulated time frame as per company’s terms of issue.
Compliance Requirements
- Shareholders holding affected shares need to verify their positions
- Depository participants should update records post-forfeiture
- Trading members to note the forfeiture for client position reconciliation
Important Dates
- Reconciliation data as of: February 25, 2025
- DNR status reference date: January 23, 2025
Impact Assessment
The forfeiture will result in reduction of issued share capital for Tulsyan NEC Ltd. Affected shareholders will lose their equity stake in the company for the forfeited shares. Market participants should update their records and positions accordingly.
Impact Justification
Corporate action affecting specific shareholders of Tulsyan NEC Ltd through forfeiture of partly paid shares