Forfeiture of Shares – Raaj Medisafe India Ltd

Raaj Medisafe India Ltd has announced that it has forfeited 63,300 partly paid-up equity shares (face value ₹10 each) as per its notice dated 16th September 2025.

What does “forfeiture of shares” mean? 

It simply means that when a shareholder does not pay the due amount on their shares (like allotment or call money), the company has the right to cancel those shares. Once cancelled, the shareholder loses all rights attached to them—such as ownership, dividends, and voting rights. Later, the company may reissue these shares if it wishes.

In this case, Raaj Medisafe India Ltd has followed the rules under the Companies Act and its Articles of Association. The list of forfeited shares has been shared in the official notice.

Why does this matter? 

This step helps the company maintain financial discipline and a stronger capital structure. Investors and trading members are advised to take note of this development.