Cyber Media India Issues Forfeiture Notice for Unpaid Partly Paid-Up Equity Shares
Cyber Media India Ltd has issued a Notice of Forfeiture concerning its partly paid-up equity shares, targeting shareholders whose First and Final Call Money remains unpaid. The decision was made following a Board meeting regarding the company's Rights Issue.The forfeiture notice, issued on June 23, 2026, pertains to all holders of 1,71,329 partly paid-up equity shares that have not settled their outstanding call money. The notice was circulated in both electronic and physical modes to ensure comprehensive notification.
Background on Share Forfeiture
The action stems from the non-payment of the required call money related to a Rights Issue. Shareholders were previously informed via notices issued on January 16, 2026 (First and Final Call Money Notice) and March 05, 2026 (Final Reminder-cum-Forfeiture Notice), detailing the obligation to settle their unpaid call money.
The board of directors reviewed the matter during a meeting held on April 11, 2026. Based on the non-payment by the specified deadline of April 07, 2026, the company decided to forfeit the relevant equity shares as per the terms and articles governing the issue.
Details of Forfeiture
The forfeiture involves the extinction of all interests and claims against the Company regarding the forfeited shares. The forfeited shares are deemed the property of Cyber Media India Ltd, which retains the right to sell, re-allot, dispose of, or cancel the forfeiture terms at any time it deems appropriate.
A summary of the operational details related to the shares being addressed is provided below:
| Detail | Description |
|---|---|
| Action Taken | Notice of Forfeiture Issued |
| Date of Action | June 23, 2026 |
| Targeted Shares (Partly Paid-Up) | 1,71,329 |
| Last Date for Payment | April 07, 2026 |
CYBERMEDIA Stock Price Movement
Shares of Cyber Media (India) Limited slipped today, settling at ₹16.83 after shedding 0.18% in the closed market. The equity traded within a daily range of ₹16.50 and ₹17.50, with a total volume of 3,738 shares recorded during the session.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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