Description
BSE announces forfeiture of 2,41,174 partly paid-up equity shares of Sharat Industries Ltd. 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 shares
Regulatory Changes
No regulatory changes introduced. This is a company-specific corporate action.
Compliance Requirements
Trading members are informed of this forfeiture for their records and to update their systems accordingly. The forfeited shares are no longer valid for trading.
Important Dates
- Notice Date: October 8, 2025
- Effective Date: October 8, 2025
Impact Assessment
The forfeiture reduces the number of outstanding partly paid-up shares and affects shareholders who failed to meet payment obligations. This action may impact the company’s issued share capital and could influence future share issuances. Existing shareholders are unaffected unless they held the forfeited shares. Market impact is likely limited given these were partly paid-up shares with payment defaults.
Impact Justification
Significant forfeiture affecting existing shareholders and company capital structure, but limited to specific partly paid-up shares