Astral Limited has informed the Exchange about Copy of Newspaper Publication regarding Transfer of Equity Shares to Investor Education Protection Fund (IEPF)
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Awaiting price reaction for this filing.
Astral Limited has submitted a copy of its newspaper advertisement published on 24th June 2025 in Indian Express (English) and Financial Express (Gujarati) regarding transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124 of the Companies Act, 2013, shares belonging to shareholders who have not claimed their dividends for seven consecutive years starting from the 2017-18 final dividend will be moved to the IEPF Authority. The company has already sent individual notices to affected shareholders and posted the list on its website. Affected shareholders have until 24th September 2025 to claim their unpaid dividends, failing which their shares will be transferred to the IEPF Authority. Shareholders can claim back their shares later by filing Form IEPF-5 with the IEPF Authority.
This is a routine regulatory compliance filing and does not materially impact the stock price or the majority of shareholders. Only investors who have not encashed their Astral dividends for 7+ years (since 2017-18) are affected, and they have a clear deadline of 24th September 2025 to act before their shares are transferred to the IEPF.