Suraj Industries Limited has officially completed the forfeiture of 1,37,972 partly paid-up equity shares following non-payment of First Call Money by shareholders. The company filed formal intimation with BSE Limited on April 16, 2026, confirming the Rights Issue Committee's decision and dispatch of forfeiture notices to affected shareholders.

Official Forfeiture Communication

The company submitted its regulatory filing to BSE Limited under Regulation 30, referencing previous intimations dated January 28, 2026 (First Call Notice dispatch), February 19, 2026 (Final Reminder dispatch), and March 16, 2026 (Second Final Reminder dispatch). The forfeiture was executed in accordance with the Companies Act, 2013, the company's Articles of Association, and the Letter of Offer dated October 09, 2025.

Share Conversion and Collection Summary

Prior to the forfeiture, the company successfully collected First Call Money from compliant shareholders during the extended payment period from March 20, 2026, to April 03, 2026. The Rights Issue Committee approved conversion of these shares from partly paid-up status.

Forfeiture Impact and Legal Consequences

The forfeiture affects shareholders who failed to respond to multiple payment notices, with the last payment deadline being April 03, 2026. Under the forfeiture terms, all rights, title, and interest in the affected shares stand extinguished, and amounts already paid are forfeited to the company.

Corporate Action Completion

Company Secretary and Compliance Officer Snehlata Sharma signed the official communication, confirming completion of all regulatory formalities. The forfeited shares become company property, with the Board retaining rights to re-issue, dispose of, or deal with such shares as deemed appropriate under applicable laws and the company's Articles of Association.

Suraj Industries Ltd has submitted its quarterly compliance certificate to BSE Limited for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI depositories regulations. The filing, dated April 06, 2026, demonstrates the company's adherence to mandatory compliance procedures for listed entities.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, addressing the company's dematerialization processes during the fourth quarter of FY26. Company Secretary and Compliance Officer Snehlata Sharma signed and submitted the document to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Registrar Confirmation

M/s Beetal Financial & Computer Services Pvt Ltd, serving as the company's registrar and share transfer agent, provided the underlying certificate dated April 03, 2026. The SEBI-approved category I registrar confirmed compliance with dematerialization procedures during the quarter.

Beetal Financial confirmed several key compliance aspects:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within 15 days

Corporate Information

The filing represents routine quarterly compliance for publicly listed companies, ensuring transparency in share transfer and dematerialization processes. Beetal Financial & Computer Services Pvt Ltd, with SEBI registration number INR 000000262, continues to serve as the company's registrar and share transfer agent, maintaining the company's shareholder records and facilitating electronic share transfers.