News Corporate Actions Gujarat Credit Corporation Board Approves Forfeiture of 2.2 Crore Partly Paid-Up Equity SharesGujarat Credit Corporation Board Approves Forfeiture of 2.2 Crore Partly Paid-Up Equity Shares
Gujarat Credit Corporation Limited's board approved forfeiture of 2,20,00,000 partly paid-up equity shares of ₹10 face value each on February 07, 2026, after shareholders failed to pay first and final call amounts. The company had provided two payment windows - from December 18-31, 2025, and a final reminder period from January 08-22, 2026. The forfeiture decision is subject to Bombay Stock Exchange approval under SEBI regulations.
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Gujarat credit Corporation Limited's board of directors has approved the forfeiture of a substantial number of partly paid-up equity shares after shareholders failed to meet payment obligations despite extended deadlines. The decision was taken during a board meeting held on February 07, 2026, and requires regulatory approval from the Bombay Stock Exchange.
Board Meeting Outcome
The board meeting, which commenced at 03:30 p.m. and concluded at 03:50 p.m. on February 07, 2026, approved the forfeiture of 2,20,00,000 partly paid-up equity shares. The shares carry a face value of ₹10 each, and the forfeiture relates to unpaid first and final call amounts.
| Parameter: | Details |
|---|---|
| Shares Forfeited: | 2,20,00,000 |
| Face Value: | ₹10 per share |
| Meeting Date: | February 07, 2026 |
| Meeting Duration: | 03:30 p.m. to 03:50 p.m. |
| Approval Required: | Bombay Stock Exchange (BSE) |
Payment Timeline and Deadlines
The company had provided shareholders with two separate opportunities to deposit the required call amounts. Despite these extended windows, some shareholders failed to make the necessary payments, leading to the forfeiture decision.
| Payment Window: | Duration |
|---|---|
| First and Final Call: | December 18, 2025 to December 31, 2025 |
| Final Reminder cum Forfeiture Notice: | January 08, 2026 to January 22, 2026 |
Regulatory Compliance
The forfeiture decision was communicated to the Bombay Stock Exchange Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's BSE script code is 511441, and the forfeiture is subject to BSE approval.
Company Background
Gujarat Credit Corporation Limited is incorporated with CIN L72900GJ1993PLC020564 and has its registered office at A-115, Siddhi Vinayak Towers, B/h DCP Office, Off SG Highway, Makarba, Ahmedabad- 380051. The decision was approved under the leadership of Managing Director Amam Shreyans Shah (DIN: 01617245).
Historical Stock Returns for Gujarat Credit
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.35% | -8.37% | -14.73% | -21.57% | -53.88% | +471.43% |
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