Forfeiture of Shares – UPL Ltd

UPL Ltd has informed the exchange that it has forfeited 2,64,278 partly paid-up equity shares of ₹2 each, as per the exchange notice dated 11 February 2026. The action has been taken due to non-payment of allotment or call monies by the concerned shareholders. 

What does “forfeiture of shares” mean?

Forfeiture happens when an investor does not pay the amount due on allotted shares within the prescribed timeline. When this occurs, the company is permitted to cancel those shares.

After cancellation, the investor no longer holds any rights linked to them. This means no ownership, no dividend entitlement, and no voting privileges. Depending on regulatory provisions, the company may later decide to reissue these shares.

In this case

UPL Ltd has carried out the forfeiture in accordance with the relevant provisions of company law and its Articles of Association, as stated in the official exchange communication (Scrip Code: 512070).

Why does this matter?

Such steps allow companies to enforce payment discipline and keep their capital structure transparent. Market participants may want to keep track of developments like these while reviewing changes in equity capital and shareholding data.