ACC Limited has informed the Exchange about Notice to Shareholders for transfer of Equity Shares to IEPF Account.
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ACC Limited has issued a notice to shareholders informing them that equity shares of those who have not claimed dividends for seven or more consecutive years will be transferred to the Investor Education and Protection Fund (IEPF) Authority. This is a routine compliance requirement under the Companies Act, 2013. Shareholders whose shares are at risk of transfer are advised to claim their unpaid dividends before the deadline mentioned in the notice. Once transferred, shareholders can still reclaim their shares from the IEPF by following the prescribed procedure, including submitting the required online forms.
This is a standard regulatory disclosure with no direct impact on the stock price. Shareholders who have unclaimed dividends from ACC for 7+ years should act promptly to avoid the hassle of reclaiming shares from IEPF later.