Sharat Industries Ltd — Updates, 15-04-2025: Company Update

Sharat Industries has announced a board meeting to issue a First Reminder-Cum-Forfeiture Notice regarding the outstanding 18,77,237 partly paid-up Rights Equity Shares. The notice calls for payment of ₹ 23.25 per share, of which ₹ 7.50 is toward face value and ₹ 15.75 toward premium, by shareholders who have not yet paid. The payment window is from April 30, 2025, to May 9, 2025. Failure to pay may result in forfeiture of shares, and the company may recover unpaid amounts from any dividends. Investors should consider the potential risks of forfeiture but may view timely resolution of these payments as a sign of proactive financial management.