Sobha issues second reminder for rights equity shares call money

Sobha (BSE: SOBHA) has issued a second reminder-cum-forfeiture notice to holders of its partly paid-up rights equity shares, requiring payment of the first and final call of INR825.50 per share. The payment window extends from April 18, 2025, to May 2, 2025. This follows previous intimations dating back to November 2024 concerning the 12,107,981 shares allotted on July 11, 2024. The notice impacts 35,083 shares with outstanding call money. Failure to remit the payment by the deadline will render the shares liable to forfeiture. Sobha has provided detailed payment instructions and lists of Axis Bank branches accepting payments. The company also notes that it may convert partly paid-up shares to fully paid-up shares during the payment period.