BCC Fuba India Ltd is moving to forfeit 1,60,795 unpaid rights shares after a final call for ₹0.60 crore went unanswered by some investors. The company has successfully collected call money for the majority of its rights issue.
Detailed Coverage
BCC Fuba India Ltd Initiates Forfeiture for Unpaid Rights Shares
₹0.60 crore in call money remains outstanding for 1,60,795 rights shares.
Reader Takeaway: Successful majority call money collection; forfeiture risk for remaining shares.
What just happened
BCC Fuba India Ltd has begun the process of forfeiting 1,60,795 partly paid-up rights equity shares. This action follows the failure of some shareholders to pay the final call money amounting to ₹0.60 crore (₹60.30 lakh).
The company has issued a 'First and Final Reminder-cum-Forfeiture Notice' to these shareholders.
Why this matters
This step signifies the conclusion of the rights issue's capital collection phase for most investors. It clarifies the status of the rights issue, with a focus now on resolving the outstanding dues. The outcome of the forfeiture process will impact the final share capital structure.
The backstory
BCC Fuba India had previously approved the rights issue. The call money process involved collecting final payments from shareholders who were issued these rights shares. Trading approval for the successfully converted shares was effective from June 29, 2026.
What changes now
If the shareholders do not clear the ₹0.60 crore dues, BCC Fuba India will proceed with forfeiting these 1,60,795 shares. This forfeiture will alter the number of outstanding rights shares and could impact the company's total equity.
Risks to watch
- Forfeiture Risk: The primary risk is the potential change in the final share capital if the company moves ahead with forfeiture.
- Outstanding Dues: The ₹0.60 crore outstanding amount indicates that a portion of investors could not meet their call obligations.
Context metrics (time-bound)
- Call Money Collected: ₹16.62 crore (May 25, 2026 - June 08, 2026)
- Converted Shares: 44,32,220 shares (Trading approval effective June 29, 2026)
- Outstanding Shares: 1,60,795 shares (As of July 21, 2026)
- Unpaid Call Money: ₹0.60 crore (As of July 21, 2026)
- Call Money per Share: ₹37.50
- Premium per Share: ₹32.50
What to track next
Investors should monitor whether the remaining dues are paid or if BCC Fuba India officially completes the forfeiture process for the 1,60,795 shares.