Ambuja Cements Limited has informed the Exchange about Newspaper Publication regarding Notice to shareholders for compulsory transfer of equity shares to IEPF Account
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Ambuja Cements has published a notice in newspapers informing shareholders about the upcoming compulsory transfer of their equity shares to the Investor Education and Protection Fund (IEPF) Account. This is a regulatory requirement under the Companies Act, typically applicable to shares where dividends have remained unclaimed for seven or more consecutive years. Shareholders whose shares are likely to be transferred are advised to claim their dividends and update their details with the company or its registrar before the transfer takes place. The original deadline of the notice was extended, with the new last date being January 31, 2022 for shareholders to take action.
This is a routine compliance announcement and not a material business event. Shareholders who have unclaimed dividends should act promptly to avoid losing their shares to the IEPF, but there is no direct impact on the company's operations or stock price.