Description

BSE announces forfeiture of equity shares of National General Industries Ltd. for specific folios held by shareholders who failed to meet payment obligations.

Summary

BSE has issued a circular regarding the forfeiture of equity shares of National General Industries Ltd. The forfeiture affects multiple folios (101, 107, 108, 109, 115, 118, 119) belonging to specific shareholders including Amit Bharat, Balwant Roy, Ved Prakash Reheja, Yogesh Bagai, Meena Goel, and Virender Chauhan, all located in Ghaziabad.

Key Points

  • Forfeiture action taken against equity shares of National General Industries Ltd.
  • Affected shareholders: Amit Bharat, Balwant Roy, Ved Prakash Reheja, Yogesh Bagai, Meena Goel, and Virender Chauhan
  • Multiple folio numbers affected: 101, 107, 108, 109, 115, 118, 119
  • All affected shareholders are based in Ghaziabad
  • Forfeiture typically occurs due to non-payment of call money or other payment obligations

Regulatory Changes

No new regulatory changes introduced. This is a company-specific corporate action related to share forfeiture procedures as per existing Companies Act provisions.

Compliance Requirements

  • National General Industries Ltd. must complete the forfeiture process as per Companies Act requirements
  • The company must update its register of members to reflect the forfeited shares
  • Appropriate notifications to be sent to affected shareholders
  • BSE records to be updated accordingly

Important Dates

  • Circular Date: January 30, 2026
  • Specific forfeiture effective date not mentioned in the provided content

Impact Assessment

Market Impact: Low - This is a company-specific action affecting a limited number of shareholders. No broader market implications.

Operational Impact: Limited to National General Industries Ltd. and the specific shareholders listed. The forfeited shares may be reissued by the company as per applicable regulations.

Shareholder Impact: High impact on affected shareholders who lose their shareholding due to non-compliance with payment obligations. Other shareholders of the company are not affected.

Impact Justification

Share forfeiture affects only specific shareholders of National General Industries Ltd. who failed to meet payment obligations. Limited market-wide impact.