Newspaper Advertisement regarding transfer of unclaimed and unpaid dividend amounts for the FY 2017-18 and underlying Equity Shares to IEPF.
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Comfort Intech Ltd has published a newspaper advertisement regarding the transfer of unclaimed and unpaid dividends for the financial year 2017-18 to the Investor Education and Protection Fund (IEPF). Under the Companies Act, 2013, dividends that remain unclaimed for 7 years along with the underlying equity shares are required to be transferred to the IEPF. Shareholders who have not yet claimed their dividends for FY 2017-18 are advised to do so before the transfer deadline. This is a standard regulatory compliance filing and not indicative of any new corporate development.
This is a routine compliance announcement with no material impact on the stock price. Shareholders who have unclaimed dividends from FY 2017-18 should act quickly to claim them, or risk losing both the dividend amount and the underlying shares to the IEPF.