Description

BSE circular regarding the forfeiture of 39,699 equity shares of Ampvolts Limited (formerly Quest Softech India Limited) from 76 shareholders.

Summary

BSE has published a list of equity shares to be forfeited by Ampvolts Limited (formerly known as Quest Softech India Limited). The forfeiture affects 76 shareholders with a total of 39,699 equity shares across distinctive number ranges from 14803976 to 15880357.

Key Points

  • Total shares being forfeited: 39,699 equity shares
  • Number of affected shareholders: 76
  • Company name: Ampvolts Limited (formerly Quest Softech India Limited)
  • Largest individual forfeiture: 10,000 shares (Gaurav Pansari)
  • Significant forfeitures include: Mayur Ramniklal Mehta (9,062 shares), Manish Vidyasagar (7,600 shares), Uma Mohan Rao (6,000 shares), Arjun Gulab Randive (4,000 shares)
  • Distinctive numbers range: 14803976 to 15880357

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard corporate action notification regarding share forfeiture.

Compliance Requirements

  • The company must comply with applicable regulations regarding share forfeiture procedures
  • Affected shareholders lose their ownership rights to the forfeited shares
  • The forfeited shares may be reissued by the company subject to regulatory compliance

Important Dates

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

Impact Assessment

Market Impact: Medium - The forfeiture of approximately 39,699 shares represents a material corporate action that reduces the number of outstanding shares held by existing shareholders. This could impact the company’s shareholding pattern.

Shareholder Impact: High for affected individuals - 76 shareholders are losing their equity ownership in the company, with forfeitures ranging from 1 share to 10,000 shares per holder.

Company Impact: The forfeiture allows the company to clean up its share register and potentially reissue these shares, which could provide capital raising opportunities or resolve unpaid call money situations.

Operational Impact: Limited broader market impact, but significant for the specific shareholders who are losing their equity positions in Ampvolts Limited.

Impact Justification

Share forfeiture affects 76 shareholders with 39,699 shares, material corporate action for existing shareholders but limited broader market impact