Solara Active Pharma Sciences has issued a final payment window for outstanding call money on its partly paid-up rights equity shares. Shareholders must pay by July 27, 2026, to avoid forfeiture of their investment.
Solara Active Pharma Sciences: Final Call for Partly Paid-Up Rights Shares
Solara Active Pharma Sciences Ltd has announced a final payment window for outstanding call money on its partly paid-up rights equity shares, with a deadline of July 27, 2026. ## What just happened The company is issuing a final reminder-cum-forfeiture notice for shareholders holding partly paid-up rights equity shares. This action is to convert these shares into fully paid-up equity shares with a face value of ₹10. ## Why this matters Shareholders who do not complete the payment for the first call (₹3.50 face value + ₹127.75 premium) and the second and final call (₹3.00 face value + ₹109.50 premium) by July 27, 2026, risk forfeiting their entire investment and any capital already paid. ## The backstory This process relates to a previous rights issue where shares were issued on a partly paid-up basis. The company is now closing the payment cycle to consolidate its equity structure. ## What changes now Upon successful payment, partly paid-up shares will be converted to fully paid-up equity shares. The company estimates this conversion will take two to three weeks post-Board approval after the payment window closes. ## Risks to watch - **Forfeiture:** Failure to pay the outstanding ₹112.50 per share (second call) and ₹131.25 per share (first call) by the deadline will lead to forfeiture of the shares. - **Dividend Deduction:** Solara Active Pharma Sciences reserves the right to deduct any unpaid dues from future dividends. - **Payment Errors:** Payments must be made electronically from the shareholder's own bank account linked to their demat account. Third-party transfers or cash payments are not accepted and may lead to rejection. ## Investor Takeaway Shareholders holding partly paid-up rights equity shares must act decisively. The payment window runs from July 13, 2026, to July 27, 2026. Non-compliance will result in the loss of their investment.
