Cyber Media (India) Limited forfeits 1,71,329 partly paid-up equity shares due to non-payment of call money.
Cyber Media (India) Limited has approved the forfeiture of 1,71,329 partly paid-up equity shares. This decision was made because the shareholders failed to pay the First and Final Call Money of ₹7.90 per share by the deadline of April 7, 2026.
The forfeiture of a significant number of shares could impact the company's capital structure and financial standing, though the exact impact depends on the total number of outstanding shares and the amount of money already paid.
The forfeiture of shares indicates a negative development for the company, suggesting financial distress or lack of investor commitment to the rights issue.
Cyber Media (India) Limited has announced the forfeiture of 1,71,329 partly paid-up equity shares. This action follows the failure of the shareholders to pay the First and Final Call Money of ₹7.90 per share, along with the amount already paid-up on these shares.
The company had previously issued a Final Reminder cum Forfeiture Notice on March 5, 2026, offering shareholders a final opportunity to clear their outstanding dues between March 24, 2026, and April 7, 2026. Despite this notice, the call money on the specified shares remained unpaid.
The forfeiture was approved by the Rights Issue Committee of the Board of Directors at its meeting held on April 11, 2026. The company will issue a formal notice of forfeiture to the affected shareholders in due course, in accordance with the Companies Act, 2013, and the Articles of Association.
What to do with a filing like this
Cyber Media (India) Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Cyber Media (India) Limited. Read the original for the full detail.