Prudential Sugar Corporation has informed that the Board of Directors of the company in its meeting held today Wednesday, 22nd March, 2023 (meeting commenced at 11:30 am and concluded.at 12:30 pm), has taken on record/ approved the following: ‘Forfeiture of shares for non- payment of Call Money’. The Board noted that the holders of 35,00,000 partly paid-up shares have failed to pay the balance money against the Call-money Notices and therefore, the Board took the decision to forfeit the said partly paid-up shares against which the call money has not been received by the Company.
The above information is a part of company’s filings submitted to BSE.
