Transfer of unclaimed dividend and share to IEPF as per sec 125 of companies act
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Alfa Ica India Ltd has published newspaper advertisements informing shareholders about the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. This mandatory transfer follows Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016. The company will transfer shares and dividends for FY 2018-19 that remained unclaimed for seven consecutive years. Shareholders affected are those who have not encashed their dividend warrants during the last seven years. The list of such shareholders is available on the company's website www.alfaica.com. No fresh claims will be entertained after the transfer, though shareholders can reclaim from IEPF Authority by submitting Form IEPF-5. The transfer agent is MUFG Intime India Private Limited.
This is a routine regulatory compliance filing with no direct impact on stock price or operations. Affected shareholders who have not claimed their 2018-19 dividends risk losing them to IEPF unless they submit a valid claim before the transfer date.