Forfeiture of Shares – Skipper Limited

Skipper Limited has announced that it has forfeited 33,198 partly paid-up equity shares of Re. 1/- each, as per the exchange notice dated 20 January 2026. The forfeiture has been carried out due to non-payment of allotment/call monies by the concerned shareholders. The forfeited shares fall within distinctive numbers 112904036 to 112937233.

What does “forfeiture of shares” mean?
Forfeiture of shares occurs when a shareholder fails to pay the amount due on their shares—such as allotment or call money—within the stipulated time. In such cases, the company has the right to cancel (forfeit) those shares. Once forfeited, the shareholder loses all rights associated with the shares, including ownership, dividends, and voting rights. The company may choose to reissue these shares at a later date, subject to applicable regulations.

In this case
Skipper Limited has undertaken this action in accordance with the provisions of the Companies Act and its Articles of Association, as communicated in the official exchange notice.

Why does this matter?
Forfeiture helps companies maintain financial discipline and a cleaner capital structure. Trading members and investors are advised to take note of this development while tracking the company’s equity structure.