News Corporate Actions Suraj Industries Issues Final Reminder for First Call Payment on Partly Paid-up Equity SharesSuraj Industries Issues Final Reminder for First Call Payment on Partly Paid-up Equity Shares
Suraj Industries Limited has issued a final reminder-cum-forfeiture notice for first call payment of Rs. 10 per partly paid-up equity share. The payment period runs from February 25 to March 11, 2026, with payments accepted only through cheque or demand draft. Non-payment within this period may result in forfeiture of shares including amounts already paid.
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Suraj Industries Limited has issued a final reminder-cum-forfeiture notice to shareholders for the payment of first call money on partly paid-up equity shares issued through a rights offering. The notice was dispatched on February 23, 2026, following approval from the rights issue committee of the Board of Directors on February 19, 2026.
Payment Details and Timeline
The final reminder notice pertains to partly paid-up equity shares bearing ISIN IN9170U01027, issued pursuant to the Letter of Offer dated October 09, 2025. Shareholders are required to pay the outstanding first call amount as detailed below:
| Component | Amount per Share |
|---|---|
| Face Value | Rs. 2.50 |
| Share Premium | Rs. 7.50 |
| Total First Call Amount | Rs. 10.00 |
The payment period will commence on Wednesday, February 25, 2026, and conclude on Wednesday, March 11, 2026, providing shareholders with a 15-day window (both days inclusive) to make the required payment.
Payment Methods and Instructions
Shareholders can make payments through cheque or demand draft payable at Delhi. The payment instruments must be issued in specific account names based on shareholder residency status:
| Shareholder Category | Account Name |
|---|---|
| Resident Shareholders | SURAJ INDUSTRIES LTD CALL MONEY RESIDENT ACCOUNT |
| Non-Resident Shareholders | SURAJ INDUSTRIES LTD CALL MONEY NONRESIDENT ACCOUNT |
Payments must be submitted to Beetal Financial & Computer Services Private Limited at their Delhi office located at Beetal House, 3rd Floor, 99, Madangir, Behind Local Shopping Centre, New Delhi – 110062. The company has specified that cash payments will not be accepted, and no partial payments will be permitted.
Trading Suspension and Corporate Action
The trading of Rs. 2.50 partly paid-up equity shares has been suspended on the stock exchange effective from Tuesday, January 27, 2026, due to the first call process. Both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) have suspended the ISIN IN9170U01027 from the end of business hours on the same date.
Upon successful payment of the first call money, the company plans to convert the partly paid-up shares from Rs. 2.50 paid-up (ISIN: IN9170U01027) to Rs. 5.00 paid-up shares (ISIN: IN9170U01035). This corporate action process is estimated to be completed within two weeks from the last payment date of March 11, 2026.
Forfeiture Warning and Compliance Requirements
The company has issued a clear warning that failure to pay the first call money within the stipulated period will render the partly paid-up equity shares liable for forfeiture, including amounts already paid. This action would be taken in accordance with the Companies Act, 2013, the company's Articles of Association, and the Letter of Offer terms.
Shareholders must ensure their PAN is linked with Aadhaar and comply with the Central Board of Direct Taxes notification dated February 13, 2020, and press release dated June 25, 2021. All payment slips must include complete details including the shareholder's PAN number as required under the Income Tax Act, 1961.
Historical Stock Returns for Suraj Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | +3.88% | +8.57% | +4.11% | +24.47% | +3,895.38% |
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