Forfeiture of Equity Shares

In spite of these several reminder notices including the final reminder notice, informing Shareholders holding partly paid Equity shares that on their failure to pay the allotment money their shares would be forfeited, the defaulting Shareholders have failed to pay up the allotment money due, of Rs.5/- per share. Hence the Board at their meeting held on, 13th August 2014, duly forfeited 3,63,900 Number of partly paid equity shares in the capital of the company for non-payment of allotment Money and notices of such forfeiture were given to the defaulting Equity Shareholders.

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