Apollo Tyres Limited has informed the Exchange about copy of newspaper publication relating to notice for transfer of equity shares to IEPFA.
APOLLOTYRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apollo Tyres has informed the stock exchange about a newspaper notice regarding the transfer of certain equity shares to the Investor Education and Protection Fund Authority (IEPFA). Under Indian company law, shares of shareholders who have not claimed dividends for seven or more consecutive years are required to be transferred to IEPFA. This announcement is a routine compliance filing, where the company publishes the shareholder details in newspapers as a final notice before the actual transfer takes place. Shareholders whose names appear in the notice can still claim their shares by updating their KYC details and approaching the company before the transfer deadline. The notice likely includes names of shareholders, folio numbers, and the deadline to respond.
This is a routine regulatory compliance disclosure with no material impact on the company's financials or stock price. Shareholders who have not claimed dividends for over 7 years should check the notice and take action promptly to avoid losing their shares to the IEPFA.