Carborundum Universal Limited has informed the Exchange about Copy of Newspaper Publication pertaining to proposed transfer of shares to IEPF Authority.
CARBORUNIV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Carborundum Universal Limited has published a notice in newspapers about its plan to transfer certain shares to the Investor Education and Protection Fund (IEPF) Authority. This typically applies to shares belonging to shareholders who have not claimed their dividends or interacted with the company for seven or more consecutive years. The newspaper publication is a mandatory step under Indian company law to give shareholders a final chance to claim their shares before the transfer takes place. Shareholders whose shares are being moved can still reclaim them by submitting the required documents to the company or to the IEPF Authority.
This is a routine regulatory compliance filing and does not affect the company's operations or financials. Shareholders who have been inactive for over 7 years should check if their shares are on the transfer list and act promptly to avoid losing ownership.