Shri Niwas Leasing and Finance has issued a final reminder for holders of its partly paid-up shares to pay the outstanding call money of ₹5 per share. The payment window is open from November 6 to November 20, 2026. Failure to comply will result in the forfeiture of shares and the loss of amounts already paid, as the company moves to convert these to fully paid-up status.
Shri Niwas Leasing Issues Final Notice for Outstanding Call Money
Outstanding call money of ₹5 per share across 3,85,26,566 shares amounting to ₹19.26 crore is under focus.
Reader Takeaway: Holders of partly paid-up shares must pay ₹5 per share by November 20, 2026, to prevent total share forfeiture.
What just happened
Shri Niwas Leasing and Finance Limited has issued a 'Final Reminder cum Forfeiture Notice' regarding its partly paid-up equity shares (ISIN: IN9201F01013). The Board's Rights Issue Committee confirmed the process during its meeting on October 21, 2026. This is the last opportunity for shareholders to clear their outstanding First and Final Call money of ₹5 per share to ensure their holdings are converted into fully paid-up equity shares (ISIN: INE201F01015).
Why this matters
This filing signals a decisive move by the company to finalize its capital structure. For retail investors holding these partly paid instruments, this is a critical deadline. Payment must be made between November 6, 2026, and November 20, 2026. The company has mandated payments via NEFT/RTGS to the 'RIGHT ISSUE ALLOTMENT A/C' or via physical instruments submitted to the registrar, Skyline Financial Services Private Limited.
Consequences of Non-Payment
Investors who fail to meet the November 20 deadline face severe consequences as outlined by the company's Articles of Association. This includes the forfeiture of the initial ₹5 application money already paid, loss of any accrued dividends, and the potential for the company to repossess and sell the shares at its discretion. Furthermore, defaulting shareholders may remain legally liable for unpaid dues along with an interest penalty of 15% per annum.
What to track next
Shareholders should monitor the payment confirmation receipts and ensure they have received the formal dispatch notice. Any discrepancies in payment submission should be addressed directly with the registrar, Skyline Financial Services, to ensure the conversion to fully paid-up status is successfully processed.