Newspaper Publication for transfer of Equity shares to IEPF
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Awaiting price reaction for this filing.
Bhagwati Autocast Ltd has published a notice in newspapers on June 6, 2025, informing shareholders about the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This applies to shares where dividends have remained unclaimed for seven consecutive years, starting from financial year 2017-2018 onwards. The notice appeared in Business Standard (English) and Jay Hind (Gujarati), Ahmedabad edition, as required under Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016. Individual notices have already been sent to the concerned shareholders at their latest recorded addresses. The deadline for shareholders to claim unpaid dividends is September 30, 2025, after which shares will be transferred to IEPF and original share certificates will be treated as cancelled and non-negotiable.
This is a routine regulatory compliance filing and does not affect the company's operations or majority shareholders. Only shareholders who have not claimed dividends for 7+ years are impacted — they must contact the company or its registrar (MCS Share Transfer Agent) before September 30, 2025, or risk losing their shares to the IEPF Authority.