Description

BSE announces the forfeiture of equity shares of Ampvolts Limited (formerly Quest Softech India Limited) for 76 shareholders with a total of 39,357 shares being forfeited.

Summary

BSE has published the list of equity shares to be forfeited by Ampvolts Limited (formerly known as Quest Softech (India) Limited). The forfeiture action affects 76 shareholders with a total of 39,357 equity shares across distinctive numbers ranging from 14803976 to 15880357. The forfeiture is a corporate action typically taken when shareholders fail to pay calls on partly paid shares.

Key Points

  • Total shareholders affected: 76
  • Total shares to be forfeited: 39,357 equity shares
  • Company name: Ampvolts Limited (formerly Quest Softech (India) Limited)
  • Largest individual forfeiture: 10,000 shares (Gaurav Pansari)
  • Largest institutional forfeiture: 7,600 shares (Saidulu Mukkidi)
  • Share distinctive numbers range: 14803976 to 15880357
  • One entry shows shares held in RE Account operated by Purva Sharegistry (India) Pvt Ltd

Regulatory Changes

No regulatory changes announced. This is a corporate action circular informing the market about share forfeiture proceedings.

Compliance Requirements

  • Affected shareholders lose their ownership rights to the forfeited shares
  • The company must follow due process for share forfeiture as per Companies Act provisions
  • BSE publishes the forfeiture list for transparency and market awareness
  • Shareholders may have recourse to redeem forfeited shares subject to company provisions and applicable law

Important Dates

  • Circular Date: February 6, 2026
  • Specific forfeiture effective date: Not mentioned in the circular

Impact Assessment

Market Impact: Limited direct market impact as forfeiture affects specific shareholders who failed to meet payment obligations on partly paid shares. The action does not affect overall market operations or trading in the security.

Shareholder Impact: High impact on the 76 affected shareholders who will lose ownership of 39,357 shares. These shares typically revert to the company and may be reissued.

Company Impact: The forfeiture allows Ampvolts Limited to recover partly paid shares and potentially reissue them to recover outstanding amounts. This is a routine corporate action for companies with partly paid share capital where shareholders default on calls.

Operational Impact: No impact on exchange operations or trading systems. This is an informational circular documenting a corporate action.

Impact Justification

Share forfeiture affects 76 shareholders and 39,357 shares, representing a significant corporate action but limited to specific defaulting shareholders rather than broader market impact