Corporate Action11 Sept 2026, 01:59 pm
BCC Fuba India Forfeits 8,327 Shares for Non-Payment of Call Money
AI Summary
BCC Fuba India Ltd announced that its Board of Directors, in a meeting held on September 11, 2026, approved the forfeiture of 8,327 partly paid-up equity shares. This action is due to the non-payment of the First and Final Call Money amounting to Rs. 37.50 per share, along with applicable interest, by the respective shareholders. Despite a final reminder and a specified payment period (August 13-27, 2026), the call money was not received. Consequently, the company will forfeit these shares, including the Rs. 3,12,262.50 already paid on them. Notice of forfeiture will be issued to the affected shareholders.
Key Highlights
- Board approved forfeiture of 8,327 partly paid-up shares.
- Reason for forfeiture: Non-payment of First and Final Call Money.
- Amount forfeited: Rs. 3,12,262.50 (including paid-up capital).
- Call money due per share was Rs. 37.50 plus interest.
- Forfeiture follows failure to pay within the specified period.
Price Impact
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