Letter sent to the shareholders regarding transfer of equity shares of the Company to Investor Education and Protection Fund (IEPF) account.
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Awaiting price reaction for this filing.
Andrew Yule & Company has sent reminder letters to shareholders who have not claimed their dividends for seven or more consecutive years, warning that their equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Suspense Account. The action covers unpaid final dividends for FY 2017-18 (declared 26.09.2018) and FY 2022-23 (declared 31.08.2023). Shareholders have until 15th October 2025 to claim their dividends by submitting the required documents to the company's Registrar, MCS Share Transfer Agent Ltd. After this deadline, both physical and dematerialized shares will be moved to the IEPF account without further notice. The company has also announced a newspaper notice for 1st August 2025.
This is a routine regulatory compliance action and not material to the stock price. However, specific shareholders who have not claimed dividends since FY 2017-18 risk losing their shares, though they can still reclaim them later from the IEPF Authority by following the prescribed procedure.