RAAJ MEDISAFE INDIA LIMITED's board has approved the forfeiture of 63,300 partly paid-up equity shares.

These shares had an unpaid amount of Rs. 5.00 per share, totaling Rs. 3.165 lakh in uncalled capital.

This decision effectively cancels these shares, removing them from the company's capital structure.

Forfeiture occurs when shareholders fail to pay call money, and this action allows the company to potentially reissue these shares later, which could impact future shareholding and financing plans.