This is in continuation to our intimation dated January 11, 2022, wherein it was informed that the Company has issued 'Final Demand cum Forfeiture Notice' for payment of outstanding 'First and Final Call money' during the payment period from January 13, 2022 to January 27, 2022, failing which the partly paid-up Equity Shares along with the amount paid thereon, liable to be forfeited in accordance with the Companies Act, 2013, Articles of Association of the Company and the Letter of Offer dated August 12, 2021. In this regard, consequent to failure of remittance of outstanding First and Final Call money on the partly paid-up Equity Shares by such Shareholders, the Board of Directors of the Company on March 11, 2022, has approved by passing a circular resolution, the forfeiture & cancellation of 5,630 partly paid-up Equity shares of face value of ?10/- each, issued pursuant to the Letter of Offer dated August 12, 2021 on which the First and Final Call money remains unpaid.