Automotive Axles Limited has informed the Exchange about Copy of Newspaper Publication regarding Notice to Shareholders regarding Transfer of Unclaimed Dividends / corresponding shares of the Company for FY 2017-18 and onwards to Investor Education and Protection Fund ( the IEPF ) Authority in compliance with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
AUTOAXLES · price
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Automotive Axles Limited has published a notice in The Financial Express (English) and The Andolana (Kannada) on 13th June 2025, informing shareholders about the upcoming transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) Authority. Under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016, shares for which dividends have not been claimed for seven or more consecutive years (FY 2017-18 onwards) will be moved to the IEPF. Shareholders have until 14th September 2025 to claim their unpaid dividends, after which the shares along with all future benefits will be transferred to the IEPF. The Registrar and Share Transfer Agent handling the process is Integrated Registry Management Services Private Limited, based in Bengaluru.
This is a routine regulatory compliance announcement and a reminder to shareholders with unclaimed dividends. There is no direct impact on the stock price, but shareholders who have not claimed dividends since FY 2017-18 should act before the 14th September 2025 deadline to avoid having their shares transferred to the IEPF.