Announcements

RIL’s partly paid-up equity shares were suspended from trading on 10th May 2021. You can read more about this in our announcement here. 

According to this, all holders of RIL’s partly paid-up equity shares (as on record date 12th May 2021) will be required to pay the first call of Rs. 314.25 per partly paid-up equity share.
The amount will have to be paid between 17th May to 31st May 2021 (both days included). In case there is a delay in payment or the holders are unable to pay, penalties will be applicable.

How to make the payment of Rs. 314.25 per partly paid-up equity share?
You can make the payment online or offline. Here are the available online payment methods:

1. Through NetBanking or UPI from the R-WAP portal: https://rights.kfintech.com/callmoney.

2. Through ASBA (Applications Supported by Blocked Amount) online if your bank supports it just like you do for an IPO.

What happens in case of a delayed or non-payment of these partly paid-up equity shares?
The following consequences will be applicable:

1. An interest of 8.00 % p.a. will be applicable for the delay in payment beyond 31st May 2021 till the actual date of payment.

2. The partly paid-up equity shares, including the amount already paid will be forfeited 

3. The company will be entitled to deduct from any dividend payable, the outstanding amount for the partly paid-up equity shares and the interest applicable on it

To know more about the applicable consequences and about the offline and online payment methods in detail, click to read the FAQs here.

Key pointers to keep in mind if you own RIL’s partly paid-up equity shares:

1. You need to pay Rs. 314.25 per partly paid-up equity share between 17th May to 31st May 2021. Payment methods are mentioned above. 

2. You will be unable to see RIL’s partly paid-up equity shares in your portfolio holdings on the Upstox app or web platform as they are suspended from trading.  However, you can view them from our Keystone portal by following the steps mentioned here.

3. Consequences as mentioned above will be applicable if you’re unable to pay for the partly paid-up equity shares on time.

Stay tuned for more updates from Upstox!