Saksham Niveshak 2nd Campaign on updation of shareholders KYC and reminder for claim to unpaid dividend- 1st progress report submitted to IEPF
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Adtech Systems has launched its second 100-day campaign 'Saksham Niveshak' under IEPFA directive to help shareholders update KYC details and claim unpaid dividends before transfer to IEPF. The 1st progress report shows 186 shareholders have unpaid/unclaimed dividends, of which 99 (53%) have updated records, 99 (53%) have provided PAN details, 98 (53%) have nominee details, but only 61 (33%) have updated bank details. The company received 99 feedbacks/inquiries and reports no challenges, with the campaign on track for completion.
This is a compliance exercise mandated by IEPFA with no direct impact on stock price. Shareholders with unclaimed dividends or outdated records should act promptly to avoid transfer of dividends and shares to IEPF.