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Awaiting price reaction for this filing.
Acknit Industries has informed the BSE and Calcutta Stock Exchange about newspaper advertisements it published regarding the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF). This is a routine regulatory disclosure filed under Regulation 30 of SEBI LODR Regulations, 2015. The transfer is being done as required under Section 124(6) of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, which applies to shares belonging to shareholders who have not claimed their dividends for seven consecutive years. The cut-off date mentioned in the publication is July 31, 2025. Shareholders whose shares are being moved can still reclaim them from the IEPF by following the prescribed refund procedure on the IEPF portal.
This is a routine compliance filing and does not impact the stock price. Shareholders who have not claimed dividends for 7+ years risk losing their shares to the IEPF and should act promptly to update their KYC details and claim the shares back if affected.