Rights Issue11 April 2026 at 01:51 pm
Shri Niwas converts 14.43 lakh partly paid shares to fully paid
AI Summary
Shri Niwas Leasing And Finance Ltd has converted 14,43,434 partly paid-up equity shares (₹5 paid-up) into fully paid-up equity shares (₹10 paid-up) following the receipt of ₹72,17,170 towards the first and final call. These shares were allotted as part of a rights issue on April 9, 2025. The company is completing formalities for listing and trading approvals for the new fully paid shares. For the remaining 3,85,26,566 partly paid shares where the call money of ₹19,26,32,830 remains unpaid, the company will issue Final Reminder cum Forfeiture Notices.
Key Highlights
- 14.43 lakh partly paid shares converted to fully paid shares.
- Company received ₹72.17 lakh for the first and final call.
- New fully paid shares will bear ISIN: INE201F01015.
- Formalities for listing and trading of fully paid shares are underway.
- Forfeiture notices to be issued for 3.85 crore unpaid partly paid shares.