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| Exchange Disseminated Time | HB Stockholdings Ltd has informed BSE that the Board of Directors at its meeting held on January 12, 2008 had decided to give a Last and Final opportunity to all the 18,881 Shareholders who could not pay the outstanding Call money and overdue Interest thereon. In accordance with the decision of the Board, Final / last reminders notices were sent by Registered Post to the defaulting shareholders. Last date of payment for them was fixed for February 29, 2008.
In response to the Last Reminder, 298 Shareholders holding 19,769 Equity Shares responded and remitted the due money towards allotment / call money along with interest. Still 18,583 shareholders holding 16,51,094 partly paid Equity Shares in respect of which overdue Call Money with Interest was due did not pay the amount and equity shares held by them was liable for forfeiture on account of Non payment of allotment / call money including the amount already paid on them.
The Board of Directors of the Company vide their Resolution dated March 21, 2008 have resolved to forfeit 16,51,094 partly paid up Equity Shares of these 18583 Shareholders, including the amount already paid thereon. |
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