National General Industries Ltd — Important, 09-12-2025: Company Update

National General Industries has forfeited 10.48 lakh partly paid-up equity shares. This decision, approved by the board, was made due to shareholders failing to pay the allotment money on these shares. Each forfeited share carried a face value of Rs. 10, with Rs. 5 already paid. The unpaid amount totaled Rs. 10 per share, covering Rs. 7.50 towards face value and Rs. 2.50 towards securities premium. The company had issued several reminder notices to affected shareholders before proceeding with the forfeiture.