Company Update

Sharat Industries has announced a board meeting and issued a second and final reminder-cum-forfeiture notice for payment of the first and final call money of ₹23.25 per partly paid-up Rights Equity Share (₹7.50 face value + ₹15.75 premium) on 4,30,783 partly paid-up shares.

Shareholders must pay within a 10-day window to avoid forfeiture of their shares.

Partial payments are not accepted except for proportionate share conversion.

Payments via cheque/demand draft should be sent to the company’s registrar in Chennai.

Non-payment will lead to forfeiture, impacting shareholders’ holdings and entitlements.

The company suspended trading of partly paid shares until conversion to fully paid shares is completed.