Apcotex Industries Limited has informed the Exchange about newspaper advertisement published in Business Standard (English) and Mumbai Lakshadeep (Marathi) on Friday, 2nd May 2025 as required to be given under Rule 6(3)(a) of Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, indicating the proposed transfer of equity shares to IEPF Authority of such shareholders who have not claimed the dividend amount payable to them, since last seven consecutive years commencing from the date of declaration of Dividend for the Financial Year 2017-18.
APCOTEXIND · price
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Apcotex Industries has published a notice in Business Standard (English) and Mumbai Lakshadeep (Marathi) on May 2, 2025, as required under IEPF Rules 2016. The notice informs shareholders that equity shares of those who have not claimed dividends for seven consecutive years (starting from FY 2017-18 dividends) will be transferred to the IEPF Authority. The company has already transferred such shares during FY 2024-25 and is now individually reaching out to shareholders whose shares are liable for transfer in FY 2025-26. Shareholders have until July 26, 2025 to respond before the shares are moved to IEPF. Claimants can recover shares and unclaimed dividends by filing Form IEPF-5 on the IEPF website.
This is a routine regulatory compliance filing and not a material business event. Shareholders with unclaimed dividends since FY 2017-18 should act before July 26, 2025 to prevent their shares from being transferred to the IEPF Authority. No direct impact on stock price or company operations is expected.