Cyber Media Approves Forfeiture of Partly Paid Equity Shares
Cyber Media (India) Limited announced the approval for the forfeiture of partly paid-up equity shares following the non-receipt of the First and Final Call Money from certain shareholders. The decision was made by the Company's Rights Issue Committee of the Board of Directors during a meeting held on Saturday, April 11, 2026.The forfeiture action pertains to 1,71,329 partly paid-up equity shares. This action follows a Final Reminder cum Forfeiture Notice issued on March 05, 2026, which provided holders with a final opportunity to remit the outstanding Call Money between March 24, 2026, and April 07, 2026.
The Company stated that after the specified period, the Call Money on 1,71,329 partly paid-up equity shares remained unpaid. The First and Final Call Money required was ₹ 7.90 per share.
Consequently, the Board approved the forfeiture of these 1,71,329 partly paid-up equity shares. The forfeiture encompasses both the unpaid First and Final Call Money amount and the amount already paid-up on those shares.
The notice detailing the forfeiture will be issued to the holders of the specified partly paid-up equity shares in due course.
CYBERMEDIA Stock Price Movement
On Friday, Cyber Media (India) Limited shares edged higher, closing at ₹15.22, marking a notable gain of 3.94%. The stock finished the session on a total traded volume of 4,243 shares.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.