Advani Hotels & Resorts (India) Limited has informed the Exchange about copy of newspaper publication.
ADVANIHOTR · price
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Awaiting price reaction for this filing.
Advani Hotels & Resorts informed the stock exchanges about a notice it published in Financial Express and Mumbai Lakshdeep newspapers on June 17, 2025. The notice is a regulatory intimation to shareholders that their equity shares are likely to be transferred to the Investor Education and Protection Fund (IEPF) because dividends for FY 2017-18 have remained unclaimed for seven or more consecutive years. Shareholders who wish to stop this transfer are advised to contact the company or its Registrar (Datamatics Business Solutions Limited) and submit the required documents before the cut-off date, after which shares and the corresponding dividend amounts will be moved to the IEPF Authority. The filing is made under Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015, and is a routine compliance requirement, not a corporate action.
This is a routine regulatory disclosure and has no direct impact on the stock price or company operations. However, shareholders who have not claimed their FY 2017-18 dividend and have not updated their KYC details risk losing their shares to the IEPF if they do not act before the transfer date. Such shares can still be reclaimed later by following the IEPF refund process, but the responsibility lies with the shareholder.