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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
TIL Ltd

TIL Ltd Forfeits 65,323 Rights Shares Due to Unpaid Call Money

FUNDRAISE ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 08 Oct 2026, 04:22 PM IST  ·  BSE ID: dbb5219e-04a4-48f3-a030-d351881331df
View Original BSE Filing (PDF)
💡
In Simple Terms
The company took back shares from some investors who didn't pay the final amount due on them.
🤖 AI Summary
  • TIL Limited forfeited 65,323 partly paid-up rights equity shares.
  • Unpaid first and final call money of ₹41.25 per share led to forfeiture.
  • Application money of ₹123.75 per share also forfeited for these shares.
  • Forfeiture decision made by Rights Issue Committee on October 8, 2026.
  • Company will not re-issue the forfeited shares.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Forfeited Shares
65,323 partly paid-up Rights Equity Shares
First and Final Call Money per Share
₹41.25 per Rights Equity Share
Face Value per Share
₹2.50
Premium per Share
₹38.75
Application Money Paid per Share
₹123.75 per Rights Equity Share
Rights Issue Allotted (April 2026)
1,20,91,760 partly paid-up Rights Equity Shares
🏢 How This Affects the Company
💰
Financial Impact
The forfeiture impacts the uncalled capital from the rights issue, reducing potential future cash inflow from those specific shares. This event does not directly impact current revenue or profitability.
⚙️
Operational Impact
This action confirms the completion of the forfeiture process for a portion of the rights shares, finalizing shareholder records for these specific holdings.
⚠️
Risk Impact
This action mitigates the risk of outstanding receivables from the rights issue participants for the forfeited shares. It confirms the company's adherence to its terms and conditions.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders for this event, as it pertains to specific defaulting rights share allottees.
👤
Who Is Affected
Holders of 65,323 partly paid-up rights equity shares who failed to pay the first and final call money of ₹41.25 per share.
🔍
Management Signal
This decision signals management's adherence to the terms of the rights issue and its intent to enforce call money payment requirements.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Notice of forfeiture issued to affected shareholders.
Confirmation of final capital raised from rights issue.
Quarterly results disclosure for subsequent periods.
MEDIUM RISK Non-payment and subsequent forfeiture of shares indicate potential financial distress for affected allottees.
💡 Investor Takeaway
TIL Limited forfeited 65,323 partly paid-up rights equity shares on which the ₹41.25 final call money was unpaid, including the forfeited application money of ₹123.75 per share.
⚖️ Strengths & Concerns

⚠️ Concerns

  • 65,323 partly paid-up rights shares forfeited due to non-payment of ₹41.25 call money per share.
📅 Company Track Record
In April 2026, TIL raised Rs. 79.42 crore from its rights issue by allotting 1,20,91,760 partly paid shares, with Rs. 41.16 crore callable outstanding.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
How many TIL Limited rights shares were forfeited?
TIL Limited forfeited 65,323 partly paid-up rights equity shares.
Why were the TIL Limited shares forfeited?
The shares were forfeited because the first and final call money of ₹41.25 per share remained unpaid.
What is the value of the forfeited application money per share?
The forfeited application money was ₹123.75 per Rights Equity Share.
Will TIL Limited re-issue the forfeited shares?
No, TIL Limited has decided not to re-issue the forfeited shares.
When was the decision to forfeit shares made?
The forfeiture was approved by the Rights Issue Committee of the Board of Directors on October 8, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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