Automotive Axles Limited has informed the Exchange regarding 'Communication/Reminder Letters sent to the respective shareholders concerning the proposedtransfer of their shares/ unclaimed dividend to the IEPF Authority.'.
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Automotive Axles Limited has informed the stock exchanges about sending reminder letters to shareholders whose dividends have remained unclaimed for seven or more years. The company is required under Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016 to transfer unclaimed dividends for FY 2018-19 and subsequent years, along with corresponding shares, to the Investor Education and Protection Fund (IEPF). The letters list unclaimed dividends spanning from FY 2018-19 Final dividend (paid 12/09/2019) through FY 2024-25 Final dividend (paid 22/08/2025). Shareholders have until 31st August 2026 to submit a Letter of Undertaking and claim their dividends. If they fail to do so, both the unclaimed dividend amounts and their shares will be transferred to the IEPF Account, after which claims can only be made through the IEPF Authority by filing Form IEPF-5 online.
This is a routine regulatory compliance filing. Affected shareholders risk permanent loss of unclaimed dividends and share ownership if they do not respond before 31 August 2026. The filing has no direct impact on the company's financial health or stock price.