Description
Sharat Industries Ltd. has forfeited 2,41,174 partly paid-up equity shares due to non-payment of allotment/call monies.
Summary
Sharat Industries Ltd. (Scrip Code: 519397) has forfeited 2,41,174 equity shares of Rs. 10/- each that were partly paid-up due to non-payment of allotment/call monies by shareholders. The forfeited shares have distinctive numbers ranging from 28206146 to 28447319.
Key Points
- Company: Sharat Industries Ltd. (Scrip Code: 519397)
- Number of shares forfeited: 2,41,174 equity shares
- Face value: Rs. 10/- per share
- Reason: Non-payment of allotment/call monies
- Distinctive numbers: 28206146 to 28447319
- Share status: Partly paid-up equity shares
Regulatory Changes
No regulatory changes announced. This is a company-specific corporate action.
Compliance Requirements
Trading members are informed of this forfeiture for awareness and record-keeping purposes. The forfeited shares are no longer valid and cannot be traded.
Important Dates
- Notice Date: October 8, 2025
- Effective Date: October 8, 2025
Impact Assessment
This forfeiture reduces the outstanding partly paid-up equity share capital of Sharat Industries Ltd. Shareholders who failed to pay the call monies have lost their rights to these shares. The forfeiture will result in a reduction of the company’s equity base until these shares are either cancelled or reissued. Limited impact on broader market operations as this is company-specific action affecting only non-compliant shareholders.
Impact Justification
Share forfeiture affects company's equity structure and impacts shareholders who failed to pay call monies. Material event for specific company but limited broader market impact.