Ashok Leyland Limited has informed the Exchange about Copy of Newspaper Publication of Notice for Transfer of Equity Shares to Investor Education and Protection Fund Authority
ASHOKLEY · price
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Ashok Leyland has published a notice in newspapers informing shareholders about the upcoming transfer of equity shares to the IEPF Authority. Shares belonging to shareholders who have not claimed dividends for seven or more consecutive years are eligible for transfer to IEPF as per Companies Act requirements. This is a standard regulatory compliance step taken by the company before the actual transfer happens. Shareholders whose shares are at risk of transfer have been given an opportunity to update their details or claim their holdings before the deadline.
No direct impact on share price. Shareholders holding unclaimed dividends for 7+ years should act quickly by updating KYC details and claiming shares to avoid losing them permanently to the IEPF Authority.