Communication / Reminder letters sent to the respective shareholders concerning the proposed transfer of their Unclaimed Dividend / Corresponding Shares of the FY 2018-19 and onwards to ....
AUTOAXLES · price
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Automotive Axles Limited has sent reminder letters to shareholders informing them that unclaimed dividends for Financial Year 2018-19 through 2024-25 are at risk of being transferred to the Investor Education and Protection Fund (IEPF). The company is legally required under Section 124(6) of the Companies Act, 2013 to transfer any dividend remaining unclaimed for 7 years, along with corresponding shares, to IEPF. Shareholders have until August 31, 2026 to claim their unpaid dividends by submitting a Letter of Undertaking along with PAN card copy and cancelled cheque. The reminder covers multiple dividend periods including 2018-19 Final, 2019-20 Interim and Final, 2020-21 Final, 2021-22 Final, 2022-23 Final, 2023-24 Final, and 2024-25 Final. After the deadline, both unclaimed dividends and shares will be transferred to IEPF and shareholders will need to file IEPF-5 forms with the nodal officer to recover them.
This is a routine regulatory compliance filing with no direct impact on the company's stock price or financial performance. Affected shareholders who fail to respond by August 31, 2026 will lose their unclaimed dividends and corresponding shares to the government IEPF fund, though they can still claim them later through a more complex process.