Lloyds Enterprises Limited (NSE: LLOYDSENT; BSE: 512463) has forfeited 3,35,552 partly-paid rights equity shares after their holders failed to pay the outstanding first and final call money within the prescribed period. The Board approved the forfeiture at its meeting on November 5, 2026, and the company has stated that all amounts already paid on those specific shares will also stand forfeited. The unpaid call was ₹19.50 per share, and the payment deadline had been June 9, 2026. For an affected investor, this is not simply a late-payment charge or a temporary trading restriction: the company has announced that the shares themselves have been forfeited under the terms of the issue.
The announcement concerns the partly-paid rights shares identified by ISIN IN9080I01015, not every Lloyds Enterprises share and not the company's ordinary fully-paid equity shares. The distinction matters because investors who completed the call payment are in a different position from holders of the 3,35,552 shares identified as unpaid and forfeited.
What exactly has Lloyds Enterprises forfeited?
In its November 5 board-meeting outcome, Lloyds Enterprises said it had approved forfeiture of 3,35,552 partly-paid equity shares on which the first and final call money remained unpaid despite notices and opportunities to pay. The disclosure says those shares stand forfeited and that all amounts already paid on them will also stand forfeited to the company in accordance with applicable law and the issue terms.
The partly-paid shares originated from the company's rights issue. The first and final call was approved on January 8, 2026, at ₹19.50 for each partly-paid share. That amount consisted of ₹0.50 towards paid-up share capital and ₹19.00 towards securities premium. The original rights issue price was ₹39 per share, so the call represented the remaining 50% of the issue price.
| Detail | Company disclosure |
|---|---|
| Company | Lloyds Enterprises Limited |
| NSE symbol / BSE code | LLOYDSENT / 512463 |
| Partly-paid share ISIN | IN9080I01015 |
| Partly-paid shares originally subject to the call | 25,44,25,324 |
| Shares for which call money was received | 25,40,89,772 |
| Shares forfeited | 3,35,552 |
| First and final call per share | ₹19.50 |
| Payment deadline in final reminder | June 9, 2026 |
| Board approval of forfeiture | November 5, 2026 |
The company's half-year financial-results disclosure separately records the same figures: call money was received for 25,40,89,772 partly-paid shares, while the call remained outstanding on 3,35,552 shares. The forfeiture decision therefore applies to that unpaid balance, not to the full rights issue.
If you did not pay the ₹19.50 call, what happens to your shares and money?
The direct consequence stated by the company is forfeiture of the affected partly-paid shares and forfeiture of all amounts already paid on those shares. An investor should therefore not assume that the original application money or any earlier payment will be refunded merely because the remaining call was not paid. The company's November 5 disclosure expressly says that amounts already paid on the forfeited shares will stand forfeited to the company.
For example, if an investor held 100 of the partly-paid rights shares that were ultimately included in the forfeiture, the unpaid call would have been ₹1,950 (100 × ₹19.50), before any applicable interest or other amount stated in the individual call notice. Following the announced forfeiture, those 100 partly-paid shares are not converted into 100 fully-paid shares; the company says the shares stand forfeited and the amounts previously paid on them are also forfeited. This example explains the consequence for a position covered by the forfeiture; it does not establish that every holder who missed a payment had exactly 100 shares forfeited.
The final reminder-cum-forfeiture notice had required payment by June 9, 2026. It specified the call amount of ₹19.50 per share, comprising ₹0.50 towards paid-up value and ₹19.00 towards premium, along with interest calculated under the notice for the stated period. The company had warned that failure to pay within the stipulated period could result in forfeiture of the partly-paid shares and amounts already paid, in accordance with the Companies Act, the Articles of Association and the Letter of Offer.
Does the forfeiture affect all Lloyds Enterprises shareholders?
No. The November 5 announcement identifies 3,35,552 partly-paid shares on which the call money remained unpaid. It does not announce forfeiture of the company's entire equity capital, nor does it say that fully-paid Lloyds Enterprises shares held under the company's ordinary equity ISIN are being forfeited.
The company reported that it received the required call money on 25,40,89,772 partly-paid shares. Those shares are not part of the 3,35,552-share forfeiture disclosed by the Board. Investors should identify the security in their demat statement by its ISIN and compare it with the partly-paid ISIN IN9080I01015 rather than relying only on the company name or ticker displayed by a broker.
The partly-paid shares had been separately identified because the remaining call money was payable later. The company's January 2026 call announcement stated that trading in the partly-paid shares under ISIN IN9080I01015 would be suspended from January 16, 2026, in connection with the final call. It also described conversion into fully-paid shares for holders who paid the call, subject to the applicable process and approvals. That conversion route should not be confused with the position of holders whose shares have now been forfeited.
Can investors recover the forfeited shares or get their earlier payment back?
The November 5 disclosure does not announce a general reinstatement window, a refund process or a further payment opportunity for the 3,35,552 forfeited shares. It expressly states that the shares stand forfeited and that amounts already paid on them will also stand forfeited. On the information disclosed in that announcement, investors should not assume that paying the missed ₹19.50 now will automatically restore the shares or reverse the forfeiture.
An investor who believes their shares have been included in error, who paid within the permitted period, or whose payment was not correctly matched should promptly obtain the individual call notice, payment proof, bank confirmation and demat transaction statement. The company's registrar for the rights issue was Bigshare Services. The final call FAQ and company notices provided the rights-issue contact route at rightsissue@bigshareonline.com. Shareholders can also contact Lloyds Enterprises through the investor-contact details published on its official website and seek written confirmation of the account-level status.
Whether a particular holder has a legal remedy will depend on the issue terms, the company's Articles of Association, the notices served, the payment record and the facts of that holder's case. The exchange filing does not decide individual disputes or provide a blanket right to restoration. Investors disputing the forfeiture should obtain independent legal advice rather than treating a broker display or an attempted late payment as proof that the shares have been reinstated.
What affected shareholders should check now
The key question is whether the investor's exact partly-paid position was among the shares on which the call remained unpaid and which the Board has now forfeited. The company-level number of 3,35,552 does not identify individual demat accounts in the public announcement. Affected holders should reconcile the ISIN, quantity, call notice and payment history with their broker and the rights-issue registrar.
| Item to verify | Why it matters |
|---|---|
| ISIN IN9080I01015 | Identifies the partly-paid rights shares involved in the call |
| Quantity held on the relevant record date | Helps establish the number of shares for which the call was due |
| Individual call notice | Shows the amount payable and the shareholder's account details |
| Bank/payment confirmation | Helps identify a payment that may not have been matched |
| Demat transaction statement | Helps confirm any subsequent debit or corporate-action entry |
| Written confirmation from the registrar/company | Establishes the account-specific status rather than relying on assumptions |
The company has confirmed the forfeiture at board level, but the public disclosure does not provide a universal broker-wise date or screen-by-screen description of when every affected demat account will reflect the change. Broker-specific processing and display timing for individual accounts have not been independently verified. If the shares continue to appear in an account after the announcement, that display alone should not be treated as confirmation that the forfeiture has been reversed.
Frequently asked questions
How many Lloyds Enterprises partly-paid shares were forfeited?
The Board approved forfeiture of 3,35,552 partly-paid equity shares on November 5, 2026, because the holders did not pay the outstanding first and final call money within the prescribed timelines.
How much was the final call money per Lloyds Enterprises partly-paid share?
The first and final call was ₹19.50 per share. It comprised ₹0.50 towards paid-up value and ₹19.00 towards securities premium. The final reminder gave June 9, 2026 as the payment deadline and also referred to interest under the notice.
Will investors get their earlier payment back after forfeiture?
The company's November 5 disclosure says all amounts already paid on the forfeited shares will also stand forfeited to the company. It does not announce a refund for those amounts.
Can an investor pay ₹19.50 now and get the forfeited shares back?
The public forfeiture announcement does not provide a general late-payment or reinstatement window. A late payment should not be assumed to restore the shares. Anyone who believes the forfeiture was applied incorrectly should contact the company and registrar with payment and demat evidence and obtain account-specific written clarification.
Are fully-paid Lloyds Enterprises shares also forfeited?
No such action is stated in the November 5 announcement. The forfeiture concerns 3,35,552 partly-paid rights shares for which the call money remained unpaid. The relevant partly-paid ISIN is IN9080I01015.
What happens if an investor had already paid the call money?
The company says it received the call money on 25,40,89,772 partly-paid shares. The forfeiture applies to the 3,35,552 shares identified as unpaid. Investors who paid should retain their bank confirmation and call-payment acknowledgement and contact the registrar if their account appears inconsistent with the company's records.
Lloyds Enterprises' November 5 decision turns the missed call-money deadline into a completed forfeiture for the 3,35,552 identified partly-paid shares. For holders included in that action, the company's disclosure is explicit: the shares stand forfeited and amounts previously paid on them are also forfeited. The practical next step is not to assume that a late payment will restore the holding, but to verify the exact ISIN and quantity, preserve payment records and obtain written clarification from the registrar or company if the account-level treatment is disputed.
