Cholamandalam Investment and Finance Company Limited has informed the Exchange about Copy of Newspaper Publication on proposed transfer of shares to IEPF.
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Cholamandalam Investment and Finance Company Limited has published a notice in newspapers about its proposed transfer of certain shares to the Investor Education and Protection Fund (IEPF). The IEPF is a government fund that holds shares of investors who have not communicated with the company or claimed their dividends for a continuous period of seven years or more. This newspaper publication is a mandatory regulatory step to alert shareholders before the shares are moved. Shareholders whose shares are likely to be affected are encouraged to update their details and claim their dividends before the transfer takes place. The company has filed a copy of this newspaper advertisement with the stock exchange for public record.
This is a routine compliance filing and not expected to materially impact the stock price. Shareholders who have unclaimed dividends or inactive folios should take immediate action to prevent their shares from being transferred to the IEPF.