Marigold Glass Industries has informed that the board of directors of the company at its meeting held on June 21, 2012, have forfeited, by way of resolution passed in the meeting of board of directors, 4,96,400 partly paid-up equity shares of the company, which were issued in the year 1996 in respect of which allotment / call money plus premium due from the shareholders and has not been received till June 15, 2012 after complying with all the provisions of the Companies Act, 1956, stock exchange as well as the articles of association of the company.
The above information is a part of company's filings submitted to BSE.
