BCC Fuba India Ltd Approves Conversion of Partly Paid-up Shares Following First and Final Call
BCC Fuba India Ltd has approved the conversion of a portion of its Partly Paid-up Equity Shares into Fully Paid-up Equity Shares, following the collection of funds related to the First and Final Call Notice for a previous Rights Issue.The Board of Directors held a meeting on June 12, 2026, and approved the conversion of 44,32,220 Partly Paid-up Equity Shares into Fully Paid-up Equity Shares. This action relates to the First and Final Call notice issued on May 7, 2026, regarding the outstanding shares from a Rights Issue initiated via a Letter of Offer dated March 5, 2026.
The First and Final Call required shareholders to pay Rs. 37.50 per share for the outstanding Partly Paid-up Equity Shares. This amount comprised Rs. 5.00 towards the Face Value and Rs. 32.50 towards Securities Premium.
As per the company's records, there were initially 45,93,015 eligible Partly Paid-up Equity Shares in relation to this call. The Company has since received the First and Final Call Money for 44,32,220 of these shares, aggregating to Rs. 16,62,08,250/-. This means that 1,60,795 Partly Paid-up Equity Shares remain unpaid following the call.
The approved conversion covers the 44,32,220 shares with a Face Value of Rs. 10.00 each (Paid-up Value Rs. 5.00 per share) and converts them into Fully Paid-up Equity Shares (ISIN INE788D01016).
The financial structure of the company following the conversion is as follows:
| Category | Share Type / ISIN | Shares | Face Value / Paid Up Value | Amount |
|---|---|---|---|---|
| Converted Shares | Fully Paid-up (ISIN INE788D01016) | 1,97,42,270 | Rs. 10.00 each | Rs. 19,74,22,700/- |
| Remaining Unpaid Shares | Partly Paid-up (ISIN IN9788D01014) | 1,60,795 | Rs. 10.00 each / Rs. 5.00 paid | Rs. 8,03,975/- |
| Total | Paid-up Equity Shares | 1,99,03,065 | - | Rs. 19,82,26,675/- |
The newly converted shares rank pari passu with the existing Fully Paid-up Equity Shares of the Company and will be available for trading on stock exchanges subject to necessary corporate actions and requisite listing approvals.
BCC Fuba India Ltd further stated that it will issue reminder notice(s) or forfeiture notice in due course concerning the balance 1,60,795 Partly Paid-up Equity Shares upon which the First and Final Call money remains unpaid.
Stock Price Movement
BCC Fuba India Ltd shares settled at ₹151.20 on Friday after falling 1.63%. This closing price reflected a period where the stock traded within an intraday range, reaching a low of ₹150.25 and a high of ₹155.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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