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
- Status: Partly paid-up shares
- Distinctive numbers: 28206146 to 28447319
Regulatory Changes
No regulatory changes announced. This is a company-specific corporate action.
Compliance Requirements
Trading members are informed of the forfeiture for their records and to update their systems accordingly. Shareholders holding the forfeited shares will lose their rights to these shares.
Important Dates
- Notice Date: October 8, 2025
- Effective Date: October 8, 2025
Impact Assessment
This forfeiture affects shareholders who failed to meet their payment obligations on partly paid-up shares. The forfeited shares representing approximately 2.41 lakh shares may impact the company’s shareholding pattern. Trading members need to update their records to reflect the cancellation of these share certificates. The action is routine for companies dealing with non-payment on partly paid shares and has limited broader market impact.
Impact Justification
Forfeiture affects specific shareholders of Sharat Industries Ltd. who failed to pay allotment/call monies. Limited broader market impact but significant for affected shareholders.