Automotive Axles Limited has informed the Exchange about Communication / Reminder Letters sent to the respective shareholders concerning the proposed transfer of their shares/ unclaimed dividend to the IEPF Authority.
AUTOAXLES · price
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Automotive Axles Limited has sent reminder letters to shareholders whose dividends have remained unclaimed for seven or more consecutive years (from FY 2017-18 onwards through FY 2023-24 Final). Under Section 124(6) of the Companies Act, 2013, such unclaimed dividends along with the corresponding shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority. Shareholders have been asked to claim their dividends by signing the enclosed Letter of Undertaking and submitting it with PAN copy and cancelled cheque to the company's Registrar (Integrated Registry Management Services) on or before August 30, 2025. If no action is taken by this deadline, the company will transfer both the unclaimed dividends and the underlying shares to the IEPF Account without further notice.
This is a routine regulatory compliance communication and is unlikely to have any material impact on the stock price. Only shareholders who have not claimed dividends since FY 2017-18 are affected, and they retain the right to reclaim their shares later through Form IEPF-5 from the IEPF Authority.