Description
Sharat Industries Ltd has forfeited 2,41,174 partly paid-up equity shares of Rs. 10/- each due to non-payment of allotment/call monies.
Summary
Sharat Industries Ltd (Scrip Code: 519397) has forfeited 2,41,174 equity shares of face value Rs. 10/- each that were partly paid-up. The forfeiture occurred due to non-payment of allotment money and/or call monies by the shareholders. The distinctive numbers of the forfeited shares range 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
- Shares were partly paid-up at the time of forfeiture
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members of BSE are informed of this corporate action for their records and to update their systems accordingly regarding the reduced share count for Sharat Industries Ltd.
Important Dates
- Notice Date: October 8, 2025
- Forfeiture effective as of the notice date
Impact Assessment
This forfeiture reduces the total outstanding share capital of Sharat Industries Ltd by 2,41,174 partly paid-up shares. The impact is localized to shareholders who failed to meet their payment obligations on these partly paid shares. The forfeiture has minimal broader market impact as it affects a specific set of shareholders and is a routine corporate action for enforcing payment obligations on partly paid shares.
Impact Justification
Share forfeiture affects existing shareholders who failed to pay call money but has limited broader market impact. Affects specific shareholders of a single company.