Can Fin Homes Limited has informed the Exchange about General Updates
CANFINHOME · price
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Can Fin Homes has transferred 2,84,276 equity shares belonging to 371 shareholders to the Investor Education and Protection Fund (IEPF). This was done under Section 124 of the Companies Act, 2013, as these shareholders had not claimed the final dividend for FY 2017-18 despite repeated reminders. Of the total shares transferred, 1,43,396 shares (from 169 shareholders) were from the company's Unclaimed Suspense Account. Shareholders whose shares have been moved can still claim them back by applying to IEPF, but must follow the prescribed process and meet eligibility conditions.
This is a routine regulatory compliance action and is unlikely to have any material impact on the stock price. Affected shareholders stand to lose ownership of their shares unless they proactively claim them back from IEPF.