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Board of Uniroyal Marine Exports approves forfeiture of partly unpaid shares

Uniroyal Marine Exports announced that the Company had made a Public Issue of 33,00,000 equity shares of Rs. 10 each at par on 14 October 1993 out of which shares of 223 shareholders holding 100 shares each in the Company are partly unpaid to the tune of Rs. 5 on each share aggregating to Rs. 1,11,500.

The Board of Directors of the Company has decided to go ahead with the process of forfeiture and have approved the Notice for Forfeiture to be sent to all the Shareholders in the Board Meeting held on 28 May 2014. The Company has dispatched the Notice for Forfeiture through registered post to the Shareholders of the Company whose shares are partly paid and given 14 days clear notice to make the payment after which the shares of the Company shall be forfeited.

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