Shri Niwas Leasing and Finance Limited has successfully converted a portion of its partly paid-up equity shares to fully paid-up status following its Rights Issue Committee meeting. The committee addressed the outstanding call money on shares issued through a rights offering in 2025.

Rights Issue Committee Decisions

The Rights Issue Committee meeting held on April 11, 2026, approved key resolutions regarding the company's partly paid-up equity shares. The committee had previously approved making the first and final call of Rs. 5 per share on February 27, 2026, for the outstanding partly paid-up equity shares.

Share Conversion Details

The committee approved the conversion of 14,43,434 partly paid-up equity shares to fully paid-up status. These shares were originally issued with a face value of Rs. 10 each, with Rs. 5 paid-up, and will now become fully paid-up shares of Rs. 10 each.

Outstanding Shares and Forfeiture Process

A significant portion of the partly paid-up shares remains unconverted. The company will initiate forfeiture proceedings for shareholders who failed to respond to the call money notice.

The committee will issue final reminder cum forfeiture notices to holders of the remaining partly paid-up equity shares. The company is currently completing necessary formalities for corporate actions and obtaining requisite listing and trading approvals for the converted fully paid-up equity shares.

Corporate Action Timeline

The rights issue process began with the Letter of Offer dated February 20, 2025, leading to the allotment of partly paid-up shares in April 2025. The company dispatched the first and final call money notice on March 10, 2026, providing shareholders with a two-week window to make payments. The conversion process represents the culmination of this rights issue exercise for responsive shareholders.

Shri Niwas Leasing and Finance Limited has completed its regulatory filing by submitting a certificate under SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The submission was made to the Bombay Stock Exchange Limited on 10th April, 2026, ensuring compliance with mandatory quarterly reporting requirements.

Regulatory Compliance Details

The certificate pertains to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which governs the dematerialization process of securities. The document confirms that no physical share certificates were received for dematerialization from depository participants during the quarter ended 31st March, 2026.

Company and Agent Information

Shri Niwas Leasing and Finance Limited, incorporated under CIN L65993DL1984PLC019141, maintains its registered office at 47/18, Rajendra Place Metro Station, New Delhi-110060. The company's shares are listed on the Bombay Stock Exchange with scrip code 538897.

Skyline Financial Services Private Limited serves as the company's Registrar and Share Transfer Agent. The certificate was issued by Parveen Sharma, Authorised Signatory of Skyline Financial Services, dated 1st April, 2026, and subsequently forwarded to the stock exchange by the company management.

Management Authorization

The submission was authorized by Rajni Tanwar, Managing Director of Shri Niwas Leasing and Finance Limited, holding DIN 08201251. The document was digitally signed on 10th April, 2026, ensuring proper authentication and compliance with digital filing requirements.

This quarterly certificate submission represents part of the company's ongoing regulatory obligations under SEBI guidelines, maintaining transparency in share dematerialization processes and ensuring investor protection through proper documentation of securities transactions.