Shri Niwas Leasing Addresses Rights Issue Shares

The Rights Issue Committee of Shri Niwas Leasing And Finance Ltd convened on April 11, 2026. During the meeting, the committee approved the conversion of 14,43,434 partly paid equity shares into fully paid shares. This followed the collection of ₹72.17 lakh (₹0.72 crore) for these shares.

The company will now seek corporate actions and listing approvals for these converted fully paid shares. Concurrently, forfeiture notices are being prepared for the remaining 3,85,26,566 partly paid shares, which carry unpaid dues totaling ₹19.26 crore.

Purpose of the Actions

These steps are designed to regularize Shri Niwas Leasing's share capital structure. Converting partly paid shares strengthens the company's paid-up capital base. Meanwhile, the forfeiture process addresses the non-payment of call money, aiming for a more accurate shareholder registry for those who default.

Background on Partly Paid Shares

This situation arises from a past rights issue or share allotment where shares were issued on a partly paid basis. Companies often use this method to call upon shareholders for funds in stages, aligning capital needs with specific projects or operational requirements.

Impact on Share Capital

Following these decisions:

• 14,43,434 partly paid equity shares are now officially fully paid-up, adding to the company's paid-up equity capital.
• Shri Niwas Leasing will proceed with necessary corporate actions and secure listing approvals for these newly fully paid shares.
• Shareholders holding the remaining 3.85 crore partly paid shares face potential forfeiture if they do not clear the outstanding call amount.

Potential Risks

The substantial unpaid call money of ₹19.26 crore presents a risk of financial write-offs for the company if these amounts cannot be recovered after forfeiture. Forfeiture of a significant number of shares could also alter the company's shareholder base and outstanding share count. Additionally, the process of obtaining listing approvals for the converted shares may involve regulatory scrutiny or delays.

Key Metrics and Timeline

• Amount collected on partly paid shares: ₹0.72 crore (₹72.17 lakh) on 14,43,434 shares.
• Total unpaid call money: ₹19.26 crore on 3,85,26,566 shares as of April 11, 2026.

What to Watch Next

Investors will be tracking the timeline for issuing official forfeiture notices and the company's success in securing listing approvals for the converted shares. Further communications from Shri Niwas Leasing regarding the status of unpaid dues and the outcomes of forfeiture proceedings will also be important, as will the ultimate impact on the company's paid-up capital and shareholder structure.