Bharat Rasayan Limited has informed regarding Disclosure of material issue - Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
BHARATRAS · price
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Bharat Rasayan Limited has sent individual notices to shareholders who have not claimed their dividends for seven or more consecutive years, starting from the unpaid final dividend for FY 2017-2018 through FY 2023-2024. Under Section 124(6) of the Companies Act, 2013, shares of such shareholders are liable to be transferred to the Investor Education and Protection Fund (IEPF). These shareholders have been given until June 1, 2025 to claim their unpaid dividends by contacting the company's Registrar (MUFG Intime India Pvt Ltd). If no claim is made by the deadline, the shares will be moved to the IEPF, after which shareholders can still reclaim them by filing e-form IEPF-5. The company has also uploaded the notice and list of affected shareholders on its website (www.bharatgroup.co.in). This is a routine annual regulatory compliance disclosure under SEBI LODR Regulation 30.
This is a standard regulatory compliance intimation and is unlikely to have any direct impact on the stock price or overall shareholder base. Only specific shareholders who have been inactive for 7+ years are affected, and they retain the ability to reclaim their shares even after the IEPF transfer. No action is required from regular active shareholders.