4th and Final Progress Report on IEPF Campaign "Saksham Niveshak" - Updation of KYC for Shareholders holding security in physical certificate form
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Awaiting price reaction for this filing.
Adtech Systems submitted its final progress report on the IEPFA's 100-day 'Saksham Niveshak' campaign aimed at helping shareholders with physical share certificates update their KYC details to avoid transfers to the Investor Education and Protection Fund (IEPF). Out of 188 shareholders with unpaid or unclaimed dividends (shares not yet transferred to IEPF), 71 updated their records including address, phone, email, PAN, and bank details. Only 7 shareholders specifically provided PAN details and updated dividend bank details, while 5 shareholders submitted nominee details. The campaign was communicated through website notifications, newspaper publication alongside Q1 results, reminder letters sent on 12/09/2025, a PAN/KYC/nomination letter dated 04/08/2025, and the AGM notice, with 5 feedback inquiries received and no major challenges reported.
This is a routine regulatory compliance filing with no material impact on stock price or shareholder value. It demonstrates the company's efforts to prevent shareholders' unclaimed dividends and shares from being transferred to the IEPF, but low participation rates (only 7 out of 188 updated bank details) suggest a significant number of shares may still risk IEPF transfer.