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.
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