Astec LifeSciences Limited has informed the Exchange about Notice to Shareholders regarding Transfer of Equity Shares to Investor Education and Protection Fund (IEPF) wherein Dividend has not been paid / claimed for 7 (Seven) consecutive Years
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Astec LifeSciences has sent notices to shareholders whose dividends have remained unclaimed for 7 consecutive years starting from FY 2017-18. As per Section 124(6) of the Companies Act, 2013, the equity shares of such shareholders are liable to be transferred to the Investor Education and Protection Fund (IEPF) by September 1, 2025. Affected shareholders can claim their unpaid dividends by August 18, 2025, by submitting a request to the company's registrar, Bigshare Services. After transfer, shares can only be reclaimed by filing e-Form IEPF-5 with the IEPF authority. This is a routine annual compliance filing, not related to any financial distress or governance issue at the company.
This is a standard regulatory compliance disclosure and is unlikely to have any material impact on the stock price or overall shareholder value. Only individual shareholders who have not claimed dividends for 7 or more years are affected and risk losing their shares to the IEPF if they do not act before the deadline.