Carborundum Universal Limited has informed the Exchange about Copy of Newspaper Publication pertaining to the proposed transfer of shares to IEPF.
CARBORUNIV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Carborundum Universal Limited has submitted to the stock exchanges copies of newspaper notices published in Business Standard (English) and Makkal Kural (Tamil) on 6th June 2025. The notices inform shareholders about the company's proposed transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action is being taken under Section 124(6) of the Companies Act, 2013, which requires shares of shareholders who have not claimed dividends for seven consecutive years to be transferred to the IEPF. The filing was signed by Company Secretary Rekha Surendhiran. Shareholders whose shares are proposed for transfer are being given an opportunity to claim them before the actual transfer takes place.
This is a routine regulatory compliance filing and is unlikely to have any direct material impact on the stock price. However, shareholders who have not claimed dividends for seven or more years should check the notice and take action to prevent their shares from being transferred to the IEPF, as reclaiming shares after transfer involves additional steps and documents.