BEW Engineering Limited — Others, 22-05-2025: Forfeiture

BEW Engineering Limited has announced a board meeting that confirmed the cancellation of 1,00,000 convertible warrants allotted to Mr. Dharmesh C Patel due to non-payment of the remaining 75% subscription amount by the deadline. The company has forfeited the upfront subscription amount of Rs. 3.75 Cr received earlier. This impacts the company’s share capital structure and highlights the enforcement of payment commitments from warrant holders.