Description
BSE notification regarding forfeiture of equity shares of Ampvolts Limited (formerly Quest Softech India Limited) affecting 76 shareholders with a total of 39,557 shares.
Summary
BSE has published a list of equity shares to be forfeited in Ampvolts Limited (formerly known as Quest Softech (India) Limited). The forfeiture affects 76 shareholders with a total of 39,557 shares being forfeited. The shares have specific distinctive numbers ranging from 14803976 to 15880357.
Key Points
- Total shares to be forfeited: 39,557 equity shares
- Total affected shareholders: 76 individuals and entities
- Company name: Ampvolts Limited (formerly Quest Softech (India) Limited)
- Largest forfeiture: 10,000 shares (Gaurav Pansari)
- Smallest forfeiture: 1 share (multiple shareholders)
- Distinctive number range: 14803976 to 15880357
Regulatory Changes
No regulatory changes announced. This is a corporate action notification for share forfeiture.
Compliance Requirements
Affected shareholders listed in the notification will have their shares forfeited as per the company’s forfeiture process. The shares will cease to be held by the named shareholders.
Important Dates
- Notification Date: February 6, 2026
Impact Assessment
Shareholder Impact: Direct impact on 76 shareholders who will lose their shareholdings totaling 39,557 shares. This typically occurs due to non-payment of calls or other defaults.
Company Impact: Reduction in the number of outstanding shares and the shareholder base. The forfeited shares may be reissued by the company as per applicable regulations.
Market Impact: Limited broader market impact as the forfeiture affects a relatively small number of shares and specific shareholders. Trading activity in the stock remains unaffected for other shareholders.
Impact Justification
Share forfeiture affects specific shareholders and reduces outstanding equity but has limited broader market impact