Coal India Limited has informed the Exchange about Copy of Newspaper Publication- Newspaper publication of Transfer of Unclaimed 1st & 2nd Interim Dividend 2018-19 & Equity shares of CIL to IEPF Authority
COALINDIA · price
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Awaiting price reaction for this filing.
Coal India has published a notice in newspapers regarding the transfer of unclaimed 1st and 2nd Interim Dividends for the financial year 2018-19 to the Investor Education and Protection Fund (IEPF) Authority. Along with the unpaid dividends, the equity shares belonging to shareholders who failed to claim these dividends will also be transferred to IEPF. This is a standard regulatory requirement under the Companies Act, 2013, mandating companies to publish such notices before transferring unclaimed amounts and shares. Shareholders who have not yet claimed their FY 2018-19 dividends are advised to do so before the transfer deadline to avoid losing their shares to IEPF.
This is a routine compliance announcement and is unlikely to have any material impact on the stock price. However, shareholders who have unclaimed Coal India dividends from 2018-19 should act quickly to claim them, or risk having their shares transferred to IEPF, from where recovery is a more cumbersome process.