AIAENGNSEAIA Engineering Limited· Electrical EquipmentMinimalNeutral
Announced Sat, 6 Jun · 14:35 IST

AIA Engineering Limited has informed the Exchange about Copy of Newspaper Publication of Notice to Shareholders in respect of transfer of equity shares of the Company to Investor Education and Protection Fund (IEPF) in accordance with Rule 6 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and amendments thereof

AIAENG · price

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Price reaction · full curve 14 horizons · vs prior close
-2.9%1-day move
₹4630.00
prior close
₹4602.50
base price
After-mkt
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AI summary

AIA Engineering Limited has published a notice in newspapers informing shareholders about the proposed transfer of their equity shares to the Investor Education and Protection Fund (IEPF). This is being done as per Rule 6 of the IEPF Authority Rules, 2016, which applies to shares whose dividends have remained unclaimed for seven or more consecutive years. Shareholders whose names appear on the company's records and who have not claimed their dividends are being given a final opportunity to update their details and claim their shares before the transfer takes place. The notice serves as a public reminder before the company moves the shares to the IEPF authority.

Likely market impact

This is a routine regulatory compliance filing and does not impact the company's business or operations. Shareholders who have unclaimed dividends should act quickly to claim their shares and prevent them from being transferred to the IEPF, after which the recovery process becomes more complicated.