StockWatch
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Computers Hardware & Equipments
Corporate Action12 Jun 2026, 03:41 pm

BCC Fuba India: Board Approves Conversion of Partly Paid Shares

AI Summary

BCC Fuba India Ltd announced that its Board of Directors, in a meeting held on June 12, 2026, approved the conversion of 44,32,220 partly paid-up equity shares into fully paid-up equity shares. This action follows the receipt of the first and final call money amounting to ₹16,62,08,250/- on these shares, which were issued on a rights basis. The company had made a call of ₹37.50 per share. Consequently, the paid-up equity share capital has been updated. The company will issue reminder or forfeiture notices for the remaining 1,60,795 partly paid-up shares where the call money remains unpaid.

Key Highlights

  • Board approved conversion of 44,32,220 partly paid shares to fully paid.
  • Received ₹16.62 Cr in call money for rights issue shares.
  • Converted shares will rank pari passu with existing fully paid shares.
  • Action taken following the first and final call notice.