Rights Issue11 Apr 2026, 12:31 pm
Cyber Media Forfeits 1,71,329 Partly Paid Shares
AI Summary
Cyber Media India Ltd. has forfeited 1,71,329 partly paid-up equity shares. This action follows the failure of shareholders to pay the First and Final Call Money of ₹7.90 per share, despite multiple reminders including a final notice issued on March 5, 2026. The Rights Issue Committee of the Board approved the forfeiture on April 11, 2026, due to non-receipt of payments by the April 7, 2026 deadline. The forfeiture includes the application money already paid on these shares.
Key Highlights
- Company forfeited 1,71,329 partly paid-up equity shares.
- Shareholders failed to pay ₹7.90 First and Final Call Money.
- Forfeiture approved by Rights Issue Committee on April 11, 2026.
- Action follows non-payment after final reminder notice.
- Forfeiture includes application money already paid.