SUZLON PARTLY PAID SHARE will final commerce right now on 01 March 2023. holder of PP shares will likely be in NO TRADING ZONE for a few month or so until name cash is paid and absolutely paid shares are allotted and itemizing permission granted.
Replace: Suzlon Power Ltd. will likely be making the primary and ultimate name for the fee of partly-paid shares. The corporate has mounted March 2, 2023, because the report date to find out the shareholders of partly-paid shares to whom the ultimate name discover can be despatched. You may test the announcement from the corporate right here.
Consequently, the partly-paid shares of Suzlon Power Ltd. (SUZLONPP) will likely be suspended from buying and selling on exchanges from March 2, 2023, and also you won’t be able to see these holdings on Kite.
Occasion Schedule
Cost
₹ 2.5 per share
Name Cost Interval
March 9, 2023 – March 23, 2023
Allotment & Itemizing
Inside 2-3 weeks from the final date of fee
How do I make the decision fee
You can also make name fee through the next modes:
You may test the record of SCSB (Self Licensed Syndicate Banks) right here.
What is going to occur if I don’t make the decision fee?
In case you fail to pay the decision cash the partly-paid shares could also be forfeited (the present Suzlon Power Ltd. partly-paid shares you maintain will likely 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.
3 Likes
These holding PP share should pay 2.50 per share throughout 09 to 23 March to make the identical absolutely paid . fee may be through on-line ASBA or bodily asba or via 3 in 1 account with dealer when you have.
1 Like
LAST TRADING DAY TODAY 01 MARCH 2023 for partly paid share of SUZLON . those that maintain or purchase right now will likely be in NO TRADING ZONE for a few month until steadiness rs 2.50 is paid as per schedule and absolutely paid shares are allotted in swap of pp shares , and listed.
PAYMENT SCHEDULE : 09 to 23 March …
The way to pay pp share, pl describe full course of
Ravi_Swarnkar:
The way to pay pp share, pl describe full course of
Have defined the method above:
ShubhS9:
How do I make the decision fee
You can also make name fee through the next modes:
Netbanking ASBA: By the web site of the SCSB’s.
Bodily ASBA: Submitting a bodily software to the Designated Department of SCSB.You may test the record of SCSB (Self Licensed Syndicate Banks) right here .
Can i purchase greater than the present shares ? extra over why i’ve not acquired notification in my Klite or as e-mail ; i used to be stunned when it disappeared from portfolio . If for passive customers like me missed would have misplaced all the quantity invested thus far in Suzlon PP??
@ShubhS9For offline software, which software type we have to fill for Suzlon PP Proper Situation.
Ansu_R:
@ShubhS9For offline software, which software type we have to fill for Suzlon PP Proper Situation.
You may obtain the shape right here.
@ShubhS9 Hello,
Are you able to please clarify the method for making ultimate fee for the Suzlon RE’s.
We perceive we have to pay from the web site of SCB’s however how in every web site.
Are you able to speak concerning the course of put up logging in?
Hemant_Khurana:
Are you able to please clarify the method for making ultimate fee for the Suzlon RE’s.
We perceive we have to pay from the web site of SCB’s however how in every web site.
Are you able to speak concerning the course of put up logging in?
Hello @Hemant_Khurana, the applying course of is similar as making use of for IPOs utilizing Netbanking ASBA. You may test this put up to know the method.
1 Like
I forgot the final date of fee of suzlon re, so what occurred to my 8545 shares which I’ve purchased from 1st partial fee?
The next are the results of non-payment of First and Ultimate Name / partialpayment:(a) Curiosity @ 8.00 % (Eight per cent solely) p.a. will likely be payable for delay in fee ofFirst and Ultimate Name past March 23, 2023 until the precise date of fee;(b) The partly paid-up fairness shares of the Firm at the moment held by you, includingthe quantity already paid thereon are liable to be forfeited in accordance with theArticles of Affiliation of the Firm and the Letter of Supply dated September 28,2022 learn with Addendum dated October 10, 2022
bseindia.com
de09fcce-7ab7-4e97-a93d-647b8d179635.pdf
213.28 KB
bseindia.com
d28657dd-5b26-468e-9b67-e3682214c42b.pdf
4.49 MB
@ShubhS9 Hii Sir,
I forgot the final date of fee of Suzlon RE, So what occurred my shares which I’ve purchased from 1st partial fee? They’re nugatory or another technique to get well this ? Kindly information me ASAP. as a result of i’ve numerous amount and that i forgot apply in 2nd name.
firm will carry on sending reminders to pay maybe with or with out curiosity …you may pay until you get FINAL REMINDER CUM FORFEITURE NOTICE. PP share & Hazard of not paying name cash on time (1) your shares stay blocked for buying and selling until you pay (2) at ultimate reminder cum forfeiture discover choices are restricted , usually by a cheque at assortment middle (3) even now in case you fail to pay your shares get forfeited
1 Like
Thanks @aniln for the small print – this is smart so long as they preserve the method in line with different firms did. I used RIL for instance for his or her rights subject (refer https://www.ril.com/DownloadFiles/FinalRemindercumForfeitureNotice/FRCFNI.pdf). Some questions I’m making an attempt to get solutions on:
How can we pay now that the ASBA window is closed? The RIL FINAL REMINDER CUM FORFEITURE NOTICE signifies there will likely be a separate hyperlink that will likely be open (which isn’t but out there for Suzlon?) or a DD could also be submitted. Sadly Suzlon appears to be doing a poor job in comparison with how RIL ran the rights subject.
Will the bodily ASBA nonetheless be accepted?
If bodily ASBA will likely be accepted – methods to calculate the curiosity % (is that this one thing the financial institution accepting the ASBA request can advise on)
I did ship an e-mail to [email protected] as talked about on the Suzlon ASBA type however haven’t acquired a reply thus far. I additionally tried calling up Kfintech however am receing a boilerplate response with information I already know. I additionally tried reaching out to Zerodha help however actually they might solely assist/information out of excellent will as that is extra a course of that KFinTech manages. I’m additionally going to achieve out to get a greater understanding of the method to the ICICI Demat desk as they handle my 3 in 1 account – nevertheless I doubt I’ll get help given I dont maintain Suzlon of their demat account.
I might be very greatful if anybody has efficiently navigated this drawback and might present extra info.
cc. @Renish
These days most firms don’t cost curiosity on name cash demand on partly paid share …you must look ahead to reminder discover and through schedule , you must handover the duly crammed demand slip together with a cheque at assortment middle in your city .i did related in a latest rights subject the place i didn’t pay name cash on time .