The Company issued the necessary advertisements in the newspapers to the concerned share-holders who had not claimed their eligible dividend amounts for the year ended 31st March 2018 to ....
BIMETAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bimetal Bearings Limited has published newspaper advertisements in The New Indian Express (English) and Dinamani (Tamil) on 24th May 2025, notifying shareholders who have not claimed their dividend for the financial year ended 31st March 2018. Under the IEPF Rules, unclaimed dividends along with the corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Account after a 7-year period. Individual notices have also been sent to concerned shareholders, and the details of affected shareholders are available on the company's website (www.bimite.co.in). Shareholders must submit valid claims on or before 15th August 2025 to avoid the transfer of their shares to IEPF. Once transferred, shares can only be reclaimed by applying to IEPF Authority using Form IEPF-5.
This is a routine regulatory compliance filing and not an operational or financial event. For shareholders with unclaimed dividends from FY2017-18, the deadline to act is 15th August 2025; otherwise their shares will move to the IEPF account. No impact on stock price is expected from this disclosure.