Intimation in respect of dispatch of Notices to the Shareholders of the Company regarding transfer of unclaimed/unpaid dividend and corresponding equity shares to IEPF.
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B & A Limited has informed the stock exchange that notices have been dispatched to shareholders whose dividends have remained unclaimed for seven consecutive years (from the seven AGMs held between September 2018 and August 2024). Under Section 124(6) of the Companies Act 2013, the corresponding equity shares of these shareholders are liable to be transferred to the Investor Education and Protection Fund (IEPF). Shareholders have been given until 31st October 2025 to file a valid claim, after which the shares will be moved to the IEPF account. The notice outlines the claim procedure for both physical and demat shareholders and clarifies that shares once transferred to IEPF can only be reclaimed by filing Form IEPF-5 online.
This is a routine regulatory compliance action and is unlikely to have any material impact on the company's stock price or operations. Shareholders who have not claimed dividends since 2018 should act before the 31st October 2025 deadline to avoid losing their shares to the IEPF.