Submission of Notice for attention of Equity Shareholders of the Company in respect of transfer of Equity Shares to Account of Investor Education and Protection Fund (IEPF)
BALAJITELE · price
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Balaji Telefilms Limited has published a notice informing equity shareholders about the transfer of shares to the Investor Education and Protection Fund (IEPF) Authority demat account. This is a mandatory compliance under Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016. The company is required to transfer shares of shareholders who have not claimed dividends for 7 consecutive years. The notice was published in Financial Express (English) and Mumbai Lakshadeep (regional). Affected shareholders may have the option to claim their shares back from IEPF Authority.
Shareholders who have not claimed dividends for 7 or more consecutive years risk losing their shares to IEPF. This is a routine regulatory compliance matter with minimal direct impact on the company's stock price or operations.