Solara Active Pharma Issues Final Reminder-cum-Forfeiture Notices for Unpaid Rights Issue Call Money
Solara Active Pharma Sciences Ltd has issued a Final Reminder-cum-Forfeiture Notice concerning the outstanding First and Second and Final Call payments due on its partly paid-up equity shares. The notices address shareholders who have not yet settled the required call money related to the company’s rights issue, urging them to make the full payment within the stipulated period.The company confirmed that eligible shareholders must remit the total pending amount for both calls, with no part payment being accepted. Failure to pay the outstanding amounts by the deadline may render the partly paid-up equity shares liable to be forfeited, in addition to the company's entitlement to deduct the sums from any future dividend payable.
The notices provided detailed breakdowns and timelines for both payments:
| Type of Call | Amount Due per Share (₹) | Face Value Component | Premium Component |
|---|---|---|---|
| First Call | 131.25 | 3.50 | 127.75 |
| Second and Final Call | 112.50 | 3 | 109.50 |
The payment window for both the First Call and the Second and Final Call is set from Monday, July 13, 2026, to Monday, July 27, 2026, providing a duration of 15 days for settlement.
Key instructions provided in the notices include:
- Payment Mode: The sole available method for payment is through an online portal via net banking or UPI.
- Non-Compliance Consequences: Non-payment may result in the forfeiture of the partly paid up shares, including any amount already paid on them, as per the Articles of Association and the Letter of Offer.
- Conversion: The notices also outlined procedures allowing for the conversion of the ₹ 3.50 partly paid-up equity shares to ₹ 10 fully paid-up equity shares upon payment, managed by the Board/authorized Committee, provided payments are made within the specified period and adhere to strict guidelines.
Shareholders were advised that all original instructions and required details for payment can be found on the Company’s website or on the affiliated Registrar's website.
SOLARA Stock Price Movement
Solara Active Pharma Sciences Limited shares gained 0.58% today, settling at ₹575.85 in the post-market trading session. The stock saw activity within a daily range of ₹572.1 to ₹583.95, with over 166,582 shares traded during the day.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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