Albert David Limited has informed the Exchange regarding 'Notice issued to the shareholders under IEPF Rules'.
ALBERTDAVD · price
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Awaiting price reaction for this filing.
Albert David Limited has issued a notice to shareholders who have not claimed their dividends from Financial Year 2017-18 onwards (covering FY 2017-18 through FY 2023-24). Under Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016, equity shares linked to dividends unclaimed for seven consecutive years must be transferred to the IEPF Authority's DEMAT account. Affected shareholders have been asked to contact the Registrar and Share Transfer Agent (Maheshwari Datamatics Private Limited) with updated bank details and required documents on or before September 15, 2025 to claim the dividends. If no action is taken by this deadline, the shares will be moved to IEPF without further notice, though shareholders can still later reclaim them by filing Form IEPF-5 on the IEPF portal.
This is a routine regulatory compliance filing and is unlikely to have any material impact on the stock price. Only shareholders with long-unclaimed dividends (since FY 2017-18) are personally affected and must act before September 15, 2025 to avoid losing their shares to the IEPF.