Forfeiture of Equity Shares of Aarcon Facilities Ltd.

Description

BSE notifies trading members that Aarcon Facilities Ltd. (Scrip Code: 532024) has forfeited 11,73,100 partly paid-up equity shares of Rs. 10/- each due to non-payment of allotment/call monies.

Summary

BSE has notified trading members that Aarcon Facilities Ltd. (Scrip Code: 532024) has forfeited 11,73,100 equity shares of Rs. 10/- each. These shares were partly paid-up and were forfeited due to non-payment of allotment/call monies by the respective shareholders. The distinctive numbers of the forfeited shares are detailed in Annexure I of the notice.

Key Points

• Aarcon Facilities Ltd. (Scrip Code: 532024) has forfeited 11,73,100 equity shares
• Face value of each forfeited share: Rs. 10/-
• Reason for forfeiture: Non-payment of allotment/call monies by shareholders
• The forfeited shares were partly paid-up at the time of forfeiture
• Distinctive numbers of forfeited shares are listed in Annexure I
• Notice issued by the Listing Operations Department of BSE

Regulatory Changes

No new regulatory changes are introduced by this notice. The forfeiture is a corporate action by Aarcon Facilities Ltd. in accordance with applicable company law provisions governing partly paid shares and non-payment of calls.

Compliance Requirements

• Trading members are advised to take note of the forfeiture and update their records accordingly
• Members dealing in or holding partly paid shares of Aarcon Facilities Ltd. should refer to Annexure I for the specific distinctive numbers of the forfeited shares
• Any trades or positions involving the forfeited share series should be reconciled against the annexure

Important Dates

• Notice Date: 22 April 2026
• Notice Number: 20260422-22

Impact Assessment

The forfeiture of 11,73,100 partly paid equity shares reduces the outstanding partly paid share capital of Aarcon Facilities Ltd. Shareholders who held these partly paid shares and failed to pay allotment/call monies lose their shares and any amount previously paid. Trading members with client positions in these partly paid shares should verify holdings against the distinctive number range in Annexure I. The impact is largely administrative and confined to holders of the specific forfeited shares; it does not affect the fully paid-up equity shares of the company.

Impact Justification

Forfeiture of over 11 lakh partly paid-up shares affects the share capital structure of Aarcon Facilities Ltd. and is relevant to existing shareholders and trading members, but is a routine corporate action with contained impact.