Newspaper Publication Notice with respect to transfer of equity shares of theCompany to Investor Education and Protection Fund.
BSOFT · price
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Awaiting price reaction for this filing.
Birlasoft Limited has published a public notice in Financial Express, Indian Express, and Loksatta regarding the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF). Under Section 124(6) of the Companies Act, 2013, shares belonging to members who have not claimed dividends for seven consecutive years are liable to be transferred to IEPF. The specific dividend in question is from FY 2017-18, declared on August 29, 2018. The seven-year period concludes on October 2, 2025, after which the unclaimed dividend and corresponding shares will be moved to IEPF without further notice. Individual notices have already been sent to affected members, and the full list is available on the company's website. The Registrar and Transfer Agent for the process is MUFG Intime India Private Limited.
This is a routine regulatory compliance filing and is unlikely to affect Birlasoft's stock price or business operations. Shareholders who have unclaimed dividends from FY 2017-18 should submit their KYC documents to the RTA on or before October 2, 2025 to prevent their shares from being transferred to IEPF. Affected shareholders can later reclaim shares by filing Form IEPF-5 with the IEPF Authority.