Automotive Axles Limited has informed the Exchange about Copy of Newspaper Publication w.r.t Notice to Shareholders regarding Transfer of Unclaimed Dividend and corresponding shares of the Company for FY 2018-19 and onwards to the IEPFA.
AUTOAXLES · price
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Automotive Axles Limited has published newspaper advertisements (in English and Kannada) notifying shareholders about the mandatory transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) Authority. This is in compliance with IEPF Authority Rules 2016 and Section 124(6) of the Companies Act 2013. The company states that individual notices have been sent to affected shareholders at their registered addresses. Shareholders holding unclaimed dividends for FY 2018-19 and onwards have until September 15, 2026 to claim their dividends, failing which the corresponding shares will be transferred to IEPF. Upon such transfer, shareholders can still reclaim both dividend and shares from IEPF by following the prescribed procedure.
This is a routine regulatory compliance filing with no direct impact on the company's financial performance or stock price. Affected shareholders who fail to claim dividends by the deadline will have their shares transferred to IEPF, which they can later recover through IEPF Authority.