Gujarat Credit Corporation Ltd Issues Final Reminder-cum-Forfeiture Notice for Unpaid Equity Shares

Gujarat Credit Corporation Ltd has issued a final reminder-cum-forfeiture notice for the payment of unpaid final call money on 2,20,00,000 (Two crore twenty lakhs) partly paid-up Equity shares. The total issue size was Rs. 22/- Crore at an issue price of Rs. 10/- per share. The company had received Rs. 5.50/- crore corresponding to Rs. 2.5/- application money per share. The final call money aggregating to Rs. 16.50/- Crore (Rupees Sixteen Crore Fifty Lakhs only) remains unpaid. This action is pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended.