Raaj Medisafe India Limited Forfeits 63,300 Partly Paid-Up Equity Shares

1 min read     Updated on 21 Jul 2025, 04:40 PM
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Overview

Raaj Medisafe India Limited has announced the forfeiture of 63,300 partly paid-up equity shares from 633 shareholders who failed to pay the remaining Rs 5.00 per share. The total amount due from these forfeited shares is Rs 3,16,500.00. The decision was made by the company's Board of Directors on July 21, 2025. The company has informed the BSE about this action and made the list of forfeited shares available on its official website for transparency.

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*this image is generated using AI for illustrative purposes only.

Raaj Medisafe India Limited , a company listed on the Bombay Stock Exchange (BSE), has announced the forfeiture of 63,300 partly paid-up equity shares. The decision was made by the company's Board of Directors during a meeting held on July 21, 2025.

Forfeiture Details

The forfeiture affects 633 shareholders who failed to pay the remaining Rs 5.00 per share despite receiving reminders. The total amount due from these forfeited shares amounts to Rs 3,16,500.00. This action was taken in accordance with the company's articles of association and applicable regulations.

Regulatory Compliance

In compliance with Para A (2) of Part A of Schedule III and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, Raaj Medisafe India Limited has informed the BSE about this corporate action. The company has provided a detailed list of affected shareholders and their forfeited shares to the stock exchange.

Transparency Measures

To ensure transparency, the company has made the list of forfeited shares available on its official website at www.raajmedisafeindia.com . This allows affected shareholders and interested parties to access the information easily.

Background Information

Raaj Medisafe India Limited, formerly known as Manoj Surgical Industries Limited, is headquartered at 75/2 and 3, Industrial Area, Maksi Road, Ujjain-456010. The company's shares are listed on the BSE under the scrip code 524502.

Impact on Shareholders

Shareholders whose shares have been forfeited will lose their ownership rights to those specific shares. This action serves as a reminder to all partly paid shareholders about the importance of meeting payment obligations on time to maintain their equity stake in the company.

The forfeiture of shares is a significant event for any publicly listed company and its shareholders. It underscores the importance of timely payments and adherence to share issuance terms. Investors and stakeholders of Raaj Medisafe India Limited should take note of this development and its potential implications on the company's share structure and future capital-raising activities.

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