Copies of Newspaper publication for IEPF Notice
Awaiting price reaction for this filing.
Welspun Corp Limited has published a notice in Financial Express (English), Kutchmitra (Gujarati), and Kutchuday (Gujarati) on 20th May 2025, informing shareholders about the transfer of equity shares and unclaimed dividends to the IEPF Authority. This is in line with SEBI and MCA rules requiring shares whose dividends have remained unpaid or unclaimed for 7 consecutive years (from FY 2017-18 onwards) to be moved to the IEPF. The company has already sent individual notices to concerned shareholders and uploaded the list of affected shareholders (with folio/DP details and share counts) on its website www.welspuncorp.com. Shareholders must claim their unpaid dividends on or before 22nd August 2025, failing which their shares will be dematerialised and transferred to the IEPF Authority. Shareholders can later reclaim the shares and dividends from IEPF by following the prescribed procedure.
This is a routine regulatory compliance filing, not a business event. Shareholders who have not claimed dividends since FY 2017-18 risk losing their shares to the IEPF if they don't act before 22nd August 2025. No material impact on the stock or company operations.