Replace: Gautam Gems Ltd. can be making a primary name for the stability fee of partly-paid shares.
The corporate has mounted Could 26, 2023, because the document date to find out the shareholders of partly-paid shares to whom the primary name discover can be despatched. You possibly can verify the announcement from the corporate right here.
Consequently, the partly-paid shares of Gautam Gems Ltd. (GGLPP) can be suspended from buying and selling on exchanges from June 15, 2023, and also you will be unable to see these holdings on Kite.
Occasion Schedule
Cost
₹ 5.50 per share
Name Cost Interval
June 13, 2023 – June 19, 2023
Allotment & Itemizing
Inside 2 to three weeks from the final date of fee
How do I make the decision fee
You may make name fee through the next modes:
Netbanking ASBA: Via the web site of the SCSB’s.
Bodily ASBA: Submitting a bodily software to the Designated Department of SCSB.
You possibly can verify the record of SCSB (Self Licensed Syndicate Banks) right here.
What’s going to occur if I don’t make the decision fee?
When you fail to pay the decision cash the partly-paid shares could also be forfeited (the present Gautam Gems Ltd. partly-paid shares you maintain can be nugatory and won’t commerce on exchanges as the corporate will allot new shares beneath completely different ISIN). The corporate might also levy curiosity on the quantity you owe.
Gautam Ltd. (GGL) will situation Proper Entitlements (RE’s) to anybody who holds its shares as of September 1, 2022 (document date). These REs can be briefly traded on the inventory exchanges and can then be extinguished. You possibly can both use the REs to use for the rights shares of Gautam Gems Ltd. or you’ll be able to promote them out there. You possibly can verify the announcement from the corporate right here.
You’ll be eligible to obtain Rights Entitlements (REs) if in case you have purchased the shares on or earlier than August 30, 2022. The ex-date is September 1, 2022.
Challenge Particulars
Ex-Date
September 1, 2022
Report Date
September 1, 2022
RE Image
GGL-RE
Ratio
4:1
Challenge Value
₹ 11
Challenge Interval
September 12, 2022 to September 30, 2022
RE Buying and selling Interval
Septmeber 12, 2022 to September 26, 2022
Tentative Date of Allotment
October 12, 2022
Tentative Date of Itemizing
October 17, 2022
This can be a partly-paid situation, which means you solely must make half fee on the time of software.
Quantity payable per fairness share
Face Worth
Premium
Whole
On Software
2.5
0.25
2.75
A number of further calls as could also be determined by the corporate
7.5
0.75
8.25
Whole
10
1
11
When you proceed holding partly-paid shares of Gautam Gems Ltd. when the corporate makes a name for the stability fee, you can be liable to pay the stability sum. You probably have offered the partly-paid shares, the client can be liable to pay the sum.
How one can apply for Gautam Gems Ltd. Rights Challenge?
When you both obtain the REs from the corporate or buy them from the market, you’ll be able to apply for the rights shares utilizing Netbanking ASBA or offline by submitting a Software Kind to the Designated Department of the SCSB (Self Certificates Syndicate Financial institution). You possibly can verify the method on this submit .
You will want to enter your demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights situation.
The choice to use for rights shares by way of the RTAs portal isn’t accessible for this rights situation.
What’s going to occur to my bought holding of RE shares if I don’t apply for the rights situation?
Your REs will lapse and you’ll lose the premium paid to accumulate them. The RE can be within the type of momentary demat securities which can lapse if not renounced/exercised as soon as the buying and selling window is closed.
I don’t have the shares however purchased REs, am I nonetheless eligible to use for the rights situation?
In case you will have purchased REs however don’t have shares, you’re nonetheless eligible for the rights situation. You might apply for the rights shares both by way of the RTA’s portal or through web banking ASBA in case your financial institution permits it. When you don’t take any motion, and let the REs stay in your Zerodha account, they’ll lapse after the difficulty.
You possibly can learn extra FAQ’s on Rights Challenge and Rights Entitlements right here.
