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 Rs. 10/- each that were partly paid-up, due to non-payment of allotment/call monies by 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
- Share status: Partly paid-up shares
- Distinctive numbers: 28206146 to 28447319
- Notice number: 20251008-5
- Issuing authority: Kinnar Mehta, Assistant Vice President, BSE
Regulatory Changes
No regulatory changes. This is a company-specific corporate action notification.
Compliance Requirements
Trading members are informed of the forfeiture for awareness. The forfeited shares will no longer be valid for trading with the specified distinctive numbers.
Important Dates
- Notice Date: October 8, 2025
- Forfeiture effective as of notice date
Impact Assessment
This is a company-specific action with minimal market impact. The forfeiture reduces the issued and paid-up share capital of Sharat Industries Ltd. Shareholders who failed to pay the call monies have lost their rights to these partly paid-up shares. The forfeiture may slightly improve the company’s capital structure by removing non-performing share obligations. No broader market implications expected.
Impact Justification
Routine corporate action affecting a specific company's share capital structure due to non-payment by certain shareholders. Limited market-wide impact.