Second and final call on Reliance Partly-paid Shares

Trading Announcements
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Reliance Industries Limited conducted a rights issue in May - June 2020 and issued rights shares at Rs. 1257 per share on a partly-paid basis. Meaning the company only collected a part payment of Rs. 314.25 off the Rs. 1257 when the application for rights shares was made and the remaining payment of Rs. 942.75 was to be collected at later date in two installments.

Reliance made the first call for the partly-paid shares in May 2021 and collected further Rs. 314.25 per share. The company has now decided to make the second and final call for the remaining balance of Rs. 628.5 per share.

The company has fixed 10th November 2021 as the record date to ascertain the shareholders to whom the second and final call notice will be sent. As a result, w.e.f 9th November 2021 the partly-paid shares of Reliance will be suspended from trading on the exchanges and you will not be able to see these holdings on Kite. You can check the announcement from the company here.
Payment ₹ 628.5 per share
Call Payment Period 15th November 2021 to 29th November 2021
Allotment & Listing Within two weeks from last day of the payment

How do I make call payment?

You can make call payment through the following modes:

  • R-WAP: Through the website of the Registrar and Transfer agent.
  • Netbanking ASBA: Through the website of the SCSB’s.
  • Physical ASBA: By submitting a physical application to the Designated Branch of SCSB’s.
  • Cheque / Demand Draft.

Here is the list of SCSB’s (Self Certified Syndicate Bank) through which you can make call payment.

You will need to provide your DP ID (BO ID) when you make the payment. You can find your DP ID(BO ID) on Console. To know more, click here.

What will happen if I don’t make call payment?

The partly paid shares may be forfeited (the current Reliance PP shares you hold will be worthless and will not trade on exchanges as company will allot fully paid shares under different ISIN) if you fail to pay the call money. The company may also levy interest on the amount you owe.

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Reliance Industries Limited conducted a rights issue in May - June 2020 and issued rights shares at Rs. 1257 per share on a partly-paid basis. This means the company only collected a part payment of Rs. 314.25 of the Rs. 1257 when the application for rights shares was made and the remaining payment of Rs. 942.75 was to be collected at a later date in two installments.

The company collected the balance amount in two installments, once in May 2021 and later in November 2021. Following this, the partly-paid shares of Reliance were suspended for trading.

For the shareholders who failed to make first and second-call payments, the company has opened a window until September 20, 2024, to complete the payment for partly-paid shares they have and get fully paid shares of Reliance.

How to make the payment?

You can make call payment through the following modes:

If shareholders fail to pay the remaining amount by September 20, 2024, the company will forfeit these shares, meaning the shareholders will lose their ownership of the shares, along with any money they have already paid on them.

Shareholders making the payment for partly-paid shares also become eligible for bonus shares and shares in Jio Financial Services Limited.

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