GVP Infotech: Board Approves Reminder-cum-Forfeiture Notice for Partly Paid-up Shares
GVP Infotech's Board approved issuing a Reminder-cum-Forfeiture Notice to holders of Partly Paid-up Equity Shares who haven't paid the final call money. The payment period is from October 5, 2026, to November 3, 2026.
This announcement is significant for the specific shareholders involved in the partly paid-up shares and impacts the process of the rights issue. It is a material corporate action.
The announcement is a procedural update regarding a rights issue, detailing the next steps for shareholders who have not paid their call money. It does not inherently contain positive or negative financial news.
GVP Infotech Limited announced on September 30, 2026, that its Board of Directors has approved the issuance of a Reminder-cum-Forfeiture Notice to holders of Partly Paid-up Equity Shares who have not yet paid the First and Final Call Money. This decision was made on the recommendation of the Rights Issue Committee.
The payment period for the outstanding call money will commence on Monday, October 5, 2026, and conclude on Tuesday, November 3, 2026, inclusive of both dates. The Reminder-cum-Forfeiture Notice, containing instructions for payment, will be dispatched to the defaulting shareholders. This information is also accessible on the company's investor relations website.
The Board Meeting, which began at 3:00 P.M. and ended at 5:00 P.M. on September 30, 2026, addressed this critical matter related to the company's ongoing rights issue.
What to do with a filing like this
GVP Infotech Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. 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 GVP Infotech Limited. Read the original for the full detail.