Description

BSE announces the forfeiture of equity shares of RLF Ltd. for multiple shareholders across various folio numbers.

Summary

BSE has notified the forfeiture of equity shares of RLF Ltd. affecting multiple shareholders. The circular lists shareholders whose equity shares have been forfeited, with share certificate numbers ranging from 1081901 to 1429200+. Each affected shareholder has lost 100 shares per certificate.

Key Points

  • Multiple shareholders affected by forfeiture action
  • Each forfeited holding consists of 100 equity shares
  • Share certificate numbers range from approximately 1081901 to 1429200
  • Shareholders include individuals such as Jitendra R Touganj, Neelam C Jain, Rakesh M Mittal, and numerous others
  • Total number of affected shareholders exceeds 90 individuals

Regulatory Changes

No new regulatory changes introduced. This circular represents enforcement of existing corporate action procedures for share forfeiture.

Compliance Requirements

  • RLF Ltd. must update its register of members to reflect the forfeited shares
  • Depository participants and registrars must update shareholder records
  • Affected shareholders lose all rights associated with the forfeited shares
  • The company must comply with statutory requirements for share forfeiture as per Companies Act provisions

Important Dates

  • Circular Date: January 20, 2026
  • Effective Date: January 20, 2026

Impact Assessment

Shareholder Impact: High - Multiple shareholders have lost their equity holdings in RLF Ltd., affecting their ownership rights, voting rights, and potential dividend entitlements.

Company Impact: Significant reduction in shareholder base and potential impact on capital structure. The forfeiture of shares may indicate non-payment of call money or other defaults by shareholders.

Market Impact: May affect market perception of RLF Ltd. and could signal financial or operational issues if forfeiture was due to unpaid calls on shares.

Impact Justification

Share forfeiture directly impacts shareholder rights and company capital structure, affecting multiple investors with significant shareholdings