Description
BSE circular regarding forfeiture of equity shares of National General Industries Ltd. for specific shareholders listed by folio number.
Summary
BSE has announced the forfeiture of equity shares of National General Industries Ltd. The circular lists shareholders whose shares are being forfeited, identified by their folio numbers (101, 107, 108, 109, 115, 118, 119) with corresponding shareholder names and addresses in Ghaziabad.
Key Points
- Shares forfeited for multiple shareholders of National General Industries Ltd.
- Affected shareholders include: Amit Bharat, Balwant Roy, Ved Prakash Reheja, Yogesh Bagai, Meena Goel, and Virender Chauhan
- All listed addresses are located in Ghaziabad
- Shareholders identified by folio numbers ranging from 101 to 119
Regulatory Changes
No regulatory framework changes announced. This is a company-specific corporate action.
Compliance Requirements
- National General Industries Ltd. must complete the forfeiture process as per applicable regulations
- Affected shareholders lose their ownership rights to the forfeited shares
- Company records must be updated to reflect the forfeiture
Important Dates
- Circular Date: January 30, 2026
- Specific forfeiture effective date not mentioned in the content provided
Impact Assessment
High impact on affected shareholders who will lose their equity holdings in National General Industries Ltd. The forfeiture reduces the active shareholder base and may indicate non-compliance with share allotment payment obligations or other regulatory requirements. Market participants should note this corporate action when assessing the company’s shareholding pattern.
Impact Justification
Share forfeiture directly impacts shareholder rights and company capital structure, affecting specific investors with high severity