Submission of notice to Equity Shareholders of the Company published in Newspaper, regarding transfer of Equity shares to IEPF.
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Choksi Asia Ltd has published a notice in newspapers addressed to its equity shareholders about the upcoming transfer of certain equity shares to the Investor Education and Protection Fund (IEPF). This is a routine compliance step that companies must follow before moving shares belonging to shareholders who have not claimed dividends or remained inactive for an extended period. The notice serves as a final reminder to such shareholders to take action before their shares are permanently transferred to the IEPF. Shareholders whose shares are at risk are urged to contact the company or its registrar to update records and claim pending dividends.
This is a cautionary notice, not a negative event for the company. Shareholders who have not claimed dividends for several years should act quickly to prevent their shares from being transferred to the IEPF, after which recovery becomes a more cumbersome process.