Solara Active Pharma Sciences Limited: Rights Issue Reminder-cum-Forfeiture Notice issued to partly paid shareholders

Regulatory 3 Jul 2026 · In force· ✓ Verified

Solara Active Pharma Sciences Limited, a Hyderabad-based active pharmaceutical ingredients manufacturer and listed company (NSE), issued a Reminder-cum-Forfeiture Notice approved by its Rights Issue Committee to shareholders holding partly paid rights shares. The notice is a statutory reminder before forfeiture proceedings under the SEBI(ICDR) Rules and the company's Articles of Association, requiring shareholders to pay outstanding calls within a specified period or face cancellation and forfeiture of their allotment. This is a standard governance and investor-protection measure in rights issues to ensure capital is raised as committed.

Why it mattersPartly paid rights shares require strict call-collection mechanics under SEBI(ICDR) Regs; non-payment triggers forfeiture notices and potentially share cancellation-partners reviewing rights offerings must advise clients on call schedules and payment deadlines to avoid loss of allotment.
SectorPharma & Healthcare
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