Thank you sir for your explanations…
Update: UPL Limited will make the first call for the balance payment of partly paid shares. January 30, 2025, is the record date to determine the shareholders eligible for the final call notice. You can check the announcement from the company here.
As a result, the partly-paid shares of UPL Limited (UPLPP) were suspended from trading on exchanges from January 29, 2024, and you are no longer able to see these holdings on Kite.
You can check the announcement from the company here.
| Event Schedule | |
|---|---|
| Payment | ₹ 90.00 per share |
| Call Payment Period | 17th February 2025 - 3rd March 2025 |
| Allotment & Listing | Within 2-3 weeks from the last date of payment |
How do I make the call payment?
You can make the call payment via the following modes:
- Netbanking ASBA.
- Physical ASBA: Submitting a physical application form to SCSB’s designated branch.
You can find the list of SCSB (Self Certified Syndicate Banks) here.
What happens if I don’t make the call payment?
If you fail to make the payment, the company may forfeit the partly paid shares you hold and may also levy interest on the amount owed.
FAQs
The company has published Frequently Asked Questions (FAQs) regarding the first call in the investor section of its website. You can access them here.
Further, the pending amount of ₹180 per share will be payable upon the company’s announcement and will be collected in the second or final call, as determined by the company. You can track updates in the company announcement section on the exchange here.
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What is the first call for the balance payment of partly paid shares. Please explain briefly on balance payment of party paid shares…,Thank you Sir…
Why right issue of 5 UPL shares are not visible in kite where exists in cdsl demat despite payment 90x5 and 90x5 additional ly blocked as per first call money
When can I again see upl re shares in kite .
Why support is not opening tickets and always throwing back with connectivity issue
The first call for balance payment of partly paid shares is when a company asks shareholders to pay an additional instalment on shares that were issued with only partial payment. You must pay this amount within the specified period to keep the shares and remain owners.
If yu fail to pay on time, the company may forfeit the shares or ask to pay the balance with interest for the delay. The remaining 180 will be collected in a second or final call, as decided by the company.
For example, here the company issued shares at 360 each as partly paid-up. Investors paid 90 initially. Now, the company has announced a first call, asking them to pay another 90 per share within a given time. @3nadh
@Shiv_Chatterjee The initial 90 was paid at the time of application and yu were allotted partly paid shares (UPLPP). These shares were then suspended from trading, which is why they are not visible in Kite. However, you can still see them in Console under your holdings.
Now that you have paid the first call amount (90 per share), these will be credited as partly paid shares again under a new ISIN with updated paid-up value. Once the allotment process is completed.
Later, the company will announce the second or final call for the remaining 180. Once shareholders pay this amount, the shares will be converted into fully paid shares and listed as regular UPL shares.
This will not show up again. The UPL-RE shares were temporary and existed only during the RE trading period.
This is usually due to internet connection causing timeouts. Try switching your ISP and check. Sometimes, ISP’s DNS servers might be blocking it. You can try changing it: Why is access to Kite app restricted by the internet provider?
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Hi Nitin,
I have partly paid-up equity shares of UPL, but I missed the “FIRST CALL” payment, which was due on March 3, 2025.
Do you know how I can make the payment online now?
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I missed the first call and sent a mail. They replied like below “Please be informed that the captioned issued is closed on 03/03/2025, thus we are unable to assist you on below case. Request you to wait till company announce another payment window.”
I did not get clarity how to pay first call money.
The company needs to announce the window for the payment i.e. Final Reminder cum Forfeiture Notice and Instructions. I tried calling the RTA so I can share it here. However, no details yet.
As per the details of the rights issue pdf from the company.
- After the last date of payment, i.e., Monday, 3rd March, 2025, Bank branches at the aforesaid locations will not accept any First Call Money.
- The Company will not be liable for any delayed receipt and reserves the right to reject such delayed receipts unless accompanied with applicable interest payment.
You will have to pay the interest plus the call money. Quoting from the FAQs by the company:
What are the consequences if I do not pay the First Call money and what will happen to my Rights Equity Shares?
Consequences on non-payment of First Call money and status of my Rights Equity Shares:
(a) Interest @ 10 % (Ten per cent only) p.a. will be payable for delay in payment
of First Call beyond 3rd March, 2025 till the actual date of payment;
(b) The Company shall be entitled to deduct from any dividend payable, all sums of
money outstanding on account of calls and interest due thereon in relation to the
partly paid-up equity shares of the Company; and
(c) The partly paid-up equity shares of the Company currently held by you, including the
amount already paid thereon is liable to be forfeited on failure to pay the
first call, in accordance with the Articles of Association of the Company and
the Letter of Offer
You can stay updated by following the exchange’s company announcement section and the company’s official website for the latest updates.
2 Likes
Hi myself vivek I applied for UPL right issue and I got the right issue Can I sell main UPL share not the right issue and I can bit second bit and third bit If not I should sell the right issue also
HI @G_vivek , apologies for the delayed response.
Yes, you can sell your UPL shares at any time.
If you’ve already received the partly paid-up shares (UPLPP), you can continue holding them or sell them when they’re listed again after the first call process.
The company, UPL Limited, has issued a First Reminder Notice for shareholders who missed the ₹90 per share first call payment that was originally due on March 3, 2025. The notice provides an option to make the payment between April 11 and April 25, 2025, without any interest.
If the payment is made after April 25, interest at 10% per annum will be payable from April 25 until the actual date of payment, subject to any further payment window being announced by the company. You can refer to the official notice here.
Here’s how you can pay during the reminder window:
-
Mode of Payment: Only via Cheque or Demand Draft. Online payments (ASBA/UPI) are not accepted.
-
Submit at: Any of the listed Axis Bank branches or send the filled payment slip + cheque/DD by registered post/speed post to:
MUFG Intime India Private Limited
Unit: UPL Limited,
C-101, 1st Floor, 247 Park,
LBS Marg, Vikhroli (West),
Mumbai - 400083, Maharashtra
Phone: +91 8108114949
Email: [email protected]
- Amount to Pay: ₹90 per share.
- If paid after April 25, interest is applicable at 10% per annum.
You can refer to the detailed payment instructions here: Annexure 1: How to pay the First Call
You can download the official payment slip here.
What happens if you don’t pay?
If you miss the reminder window, your partly paid shares may be forfeited, including the ₹90 already paid during application. The company also reserves the right to deduct any unpaid dues from future dividend payouts.
Designated Axis Bank Branches for UPL First Call Money
If you have any further doubts, please refer to the detailed instructions provided in the reminder notice here.
Hi, I have received reminder to pay for UPL rights issue. In the payment slip there is a field called “Reminder Notice No.” which I don’t understand because it not mentioned anywhere in the notice email or Annexure 1 and 2 however it’s mandatory to fill in as described in Annexure 1. Can anyone please help me here?
Thank you 
Hi @cka_dude , this is a unique number assigned to your reminder notice. In some cases, it’s included when the reminder is sent via physical copy or email. However, if yu haven’t received it, you may leave the field blank.
Since the payment slip includes your PAN and Demat ID, the RTA can still identify your records. For any further queries, yu can reach out to the RTA at [email protected] or call +91 8108114949.