Please find enclosed the letter sent to the shareholders of the Company on 7th August, 2025 who have not claimed their dividend(s) for seven consecutive years and whose shares are liable ....
BLACKROSE · price
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Awaiting price reaction for this filing.
Black Rose Industries has sent notices to shareholders who have not claimed their dividends for seven consecutive years, warning that their equity shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The notice covers unpaid dividends from FY 2017-18 through FY 2023-24, plus interim and special interim dividends declared in FY 2024-25. Affected shareholders can prevent the transfer by submitting a Letter of Undertaking along with supporting documents to the company's Registrar and Transfer Agents (Satellite Corporate Services Pvt. Ltd.) on or before 24th October 2025. Shareholders holding shares in physical form are also reminded to update their KYC details (PAN, bank account, nomination, etc.) as SEBI mandates electronic dividend payments from 1st April 2024. Once shares are transferred to IEPF, shareholders can still reclaim them by filing Form IEPF-5 on the IEPF portal.
This is a routine regulatory compliance filing under SEBI and Companies Act rules and is unlikely to have any material impact on the stock price. It only affects individual shareholders who have been inactive in claiming dividends, allowing them a final window to act before their shares are moved to the IEPF.