Aksh Optifibre Limited has informed the Exchange regarding 'Reminder letter sent to the shareholders for claiming unclaimed Dividend'.
AKSHOPTFBR · price
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Aksh Optifibre has sent a reminder to shareholders who have not claimed their final dividend declared for Financial Year 2017-18. Under Section 124(6) of the Companies Act, 2013, any dividend that remains unpaid for seven consecutive years, along with the underlying equity shares, must be transferred to the Investor Education and Protection Fund (IEPF). The company has set October 25, 2025 as the last date to claim the dividend before the transfer happens. Shareholders are required to submit KYC documents (PAN, Aadhaar-linked PAN, address proof, cancelled cheque, and demat details) to KFin Technologies, the company's Registrar and Share Transfer Agent, to avoid losing both the dividend and shares. Once the shares move to IEPF, voting rights on them will be frozen, and the company will have no further liability.
This is a routine regulatory compliance reminder, not a material corporate event. Shareholders holding unclaimed dividends from FY 2017-18 should claim them before the October 25, 2025 deadline, or risk permanent transfer of both the dividend amount and the underlying shares to the IEPF. The stock price is unlikely to be affected by this announcement.