Apar Industries Limited has informed the Exchange about Publication of Notice in the Newspapers for transfer of Equity Shares to Investor Education and Protection Fund (IEPF).
APARINDS · price
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Apar Industries has published a notice in newspapers informing shareholders about its plan to transfer certain equity shares to the IEPF. These shares belong to shareholders who have not claimed their dividends for seven or more consecutive years, as required under the Companies Act and IEPF Rules. Shareholders whose shares are being moved can still claim them back by writing to the company's Registrar before the transfer date. The company has also uploaded the full list of such shareholders on its website. This is a routine annual compliance exercise and does not affect shareholders who have been receiving or claiming their dividends.
This is a routine regulatory notice with no material impact on the stock price. Shareholders who have missed claiming dividends for 7+ years should act quickly to prevent their shares from being transferred to the IEPF, though they can still reclaim them later by following the prescribed process.