Notice in Marathi Newspaper for Transfer of Dividend to IEPF
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Creative Newtech Limited has published a notice in a Marathi newspaper regarding the transfer of unpaid dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) Authority. The notice applies to shareholders who have not encashed their dividends for the financial year 2017-18. Under Section 124(6) of the Companies Act, 2013, and the IEPF Rules, 2016, the company is required to transfer such unclaimed dividends and shares to IEPF. Shareholders are advised to check the company's website (www.creativenewtech.com) for details and contact the company or its registrar Bigshare Online to claim their dues before the shares are moved to IEPF.
Shareholders of Creative Newtech who have not claimed their FY 2017-18 dividends risk having their shares transferred to the IEPF, which would require them to follow a claim process with IEPF authorities. This is a routine regulatory compliance notice and is unlikely to affect the stock price.