Description
BSE notifies trading members that Maha Rashtra Apex Corporation Ltd. (Scrip Code: 523384) has forfeited 58,204 partly paid-up equity shares due to non-payment of allotment/call monies.
Summary
BSE has notified trading members that Maha Rashtra Apex Corporation Ltd. (Scrip Code: 523384) has forfeited 58,204 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.
Key Points
- Company: Maha Rashtra Apex Corporation Ltd. (Scrip Code: 523384)
- Number of shares forfeited: 58,204 equity shares
- Face value: Rs. 10/- per share
- Reason for forfeiture: Non-payment of allotment/call monies on partly paid-up shares
- Distinctive numbers of forfeited shares are provided in Annexure-I of the notice
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification under BSE Listing Operations.
Compliance Requirements
Trading members are informed for record and reference purposes. No specific compliance action is required from trading members. The forfeiture of shares is a corporate action by the company in accordance with applicable company law provisions for non-payment of call money.
Important Dates
- Notice Date: 12 May 2026
- Notice Number: 20260512-14
Impact Assessment
The forfeiture affects a limited number of partly paid-up shares (58,204) and is a routine corporate action with minimal market impact. The affected shares will be cancelled and may be re-issued by the company. Existing fully paid-up shareholders are not directly impacted. The overall float and trading of the scrip on BSE remains largely unaffected given the small quantum of shares involved.
Impact Justification
Routine corporate action affecting a small number of partly paid-up shares (58,204) in a single company due to non-payment; limited broader market impact.