Dabur India Limited has informed the Exchange about Copy of Newspaper Publication pertaining to proposed transfer of equity shares to IEPF.
DABUR · price
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Dabur India Limited has published a notice in newspapers regarding its plan to transfer certain equity shares to the Investor Education and Protection Fund (IEPF). This is a mandatory step under Indian company law that happens when shareholders have not claimed their dividends for seven or more consecutive years. The company is informing concerned shareholders so they can take action before the transfer takes place. Shareholders whose shares are at risk of being transferred can claim them back by following the due process before the deadline. The actual newspaper notice would contain the list of shareholder names, folio numbers, and the deadline date.
This is a routine compliance announcement and not a material event for the stock price. However, shareholders who have not claimed their Dabur dividends for 7+ years should check the notice immediately and take action to prevent their shares from being moved to the IEPF, after which recovery becomes a lengthy process.