Action Construction Equipment Limited has informed the Exchange about Newspaper Advertisement for transfer of equity shares to the Demat Account of IEPF Authority pursuant to the provision of section 124 of the Companies Act, 2013
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Action Construction Equipment has informed the stock exchanges about publishing a newspaper advertisement regarding the transfer of unclaimed dividends and corresponding equity shares to the IEPF (Investor Education and Protection Fund) Authority. This relates to the unpaid final dividend for FY 2017-18, declared at the AGM on September 28, 2018, which will be deposited in the IEPF account on October 31, 2025. The company sent specimen letters to affected shareholders on July 29, 2025 and published notices in Financial Express (English) and Jansatta (Hindi) on July 31, 2025. Shareholders who have not encashed dividends for the last 7 consecutive years are requested to claim their unpaid dividend before October 15, 2025, failing which their shares will be transferred to the IEPF Authority's demat account on October 31, 2025. Once transferred, no claim will lie against the company, and shareholders would need to apply via Form IEPF-5 to recover their shares.
This is a routine regulatory compliance filing under Section 124 of the Companies Act, 2013 and is unlikely to have any material impact on the stock price. Shareholders who have unclaimed dividends from FY 2017-18 and beyond should act before October 15, 2025 to avoid losing their shares to the IEPF Authority. Recovering shares from IEPF later is possible but involves a longer process.