Reliance Industries extends last date for paying call money on partly paid shares to October 7

Reliance Industries said that the payment of the call money would convert the outstanding partly paid-up shares into fully paid-up shares.

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26 Aug, 2025 12:21

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Reliance Industries (RelianceInd) has extended the deadline for paying call money on its partly paid shares to October 7, 2024. The company initially set the final due date for September 20, but decided to extend it in response to requests from shareholders.

RelianceInd warned that failure to pay the call money by the new deadline will result in forfeiture of the partly paid shares, making them ineligible for bonus shares. Shareholders are required to settle the unpaid call money, along with interest, by October 7 to avoid forfeiture.

What are Reliance partly paid-up shares, and what payments are due?

In May 2020, Reliance Industries came up with a 1:15 rights issue worth over Rs 53,125 crore -- the largest ever in India at the time. It allowed investors to pay for the shares allotted in three instalments, aggregating to Rs 1,257 per share.

The subscription amount of 25 percent (Rs 314.25) was to be paid at the time of the rights issue; the first call instalment of another 25 percent (Rs 314.25) was to be paid in May 2021; and the second and final call instalment of the remaining 50 percent (Rs 628.5) to be paid in November 2021.

The partly paid-up shares were delisted in November 2021, with the shares on which investors made full payment converted into fully paid-up shares.

How much money is due from RIL shareholders?

As for the shares on which any of the due instalments were still unpaid, Reliance Industries issued notices and reminders on November 12, 2021; on August 1, 2022; and now on September 6, 2024.

On the shares on which only the initial 25 percent subscription amount was paid, the shareholders must pay the remaining two instalments, i.e. Rs 314.25 and Rs 628.5. On the shares on which the first instalment was paid, the shareholders must pay the final instalment of Rs 628.5.

The unpaid dues also carry an interest payment at the rate of 8 percent per annum from June 1, 2021, and November 30, 2021, respectively, for the first and second instalments.

Reliance Industries has said that the payment of the call money can be made either on the R-WAP portal (https://rights.kfintech.com/callmoney), or by demand draft to KFin Technologies Ltd.

For any query, partly-paid shareholders can call 1800 309 4001 or 040 67161651 or 040 67161733 or 022 79672121.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.