Cholamandalam Investment and Finance Company Limited has informed the Exchange about Copy of Newspaper Publication in connection with proposed transfer of equity shares to the IEPFA.
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Cholamandalam Investment and Finance Company has published notices in newspapers (Business Line and Dinamani Tamil edition) regarding the proposed transfer of equity shares to the Investor Education and Protection Fund (IEPF) demat account. Under the Companies Act, 2013 and IEPF Rules, 2016, shares on which dividends have remained unclaimed for seven consecutive years or more must be transferred to IEPF. This particular transfer relates to the Final Dividend declared for financial year 2018-19, with the transfer deadline set for 3 September 2026. Shareholders have until 17 August 2026 to claim their dividends and avoid share transfer. Individual communications have been sent to affected members, and details are available on the company website. Shareholders can still recover both unclaimed dividends and transferred shares from IEPF Authority by following prescribed procedures.
This is a routine regulatory compliance matter with no direct impact on the stock price. However, shareholders who have unclaimed dividends from 2018-19 should act before the deadline to retain their shares. The company is also urging shareholders to dematerialize physical shares and update KYC details with the Registrar.