Balrampur Chini Mills Limited has informed the Exchange about Copy of Newspaper Publication in Business Standard (English) and Arthik Lipi (Bengali) published on 31st May, 2024 along with copy of reminder letter sent to the shareholders regarding the transfer of shares under the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (as amended)
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Balrampur Chini Mills has published notices in Business Standard (English) and Arthik Lipi (Bengali) on 31st May 2024, along with reminder letters sent to shareholders. These communications inform shareholders about the upcoming transfer of their shares to the Investor Education and Protection Fund (IEPF) Authority under the IEPF Rules, 2016. Shares belonging to shareholders who have not claimed dividends for 7 or more consecutive years are eligible to be transferred to IEPF. Shareholders still have the opportunity to claim their unpaid dividends and prevent the transfer of their shares by taking timely action.
This is a routine regulatory compliance announcement with no direct impact on the stock price. Shareholders who have not claimed dividends for 7+ years should act quickly to claim their dividends and stop the transfer of their shares to the IEPF Authority.