Enclosed copies of the notice for the attention of the shareholders of the Company in respect of transfer of equity shares of the Company to IEPF published on 31.5.2025.
DAICHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dai-Ichi Karkaria has sent intimation letters to shareholders whose dividends have remained unclaimed or unpaid for seven consecutive years since the final dividend declared for FY 2017-18. The company is asking these shareholders to claim their pending dividends by September 11, 2025. Under Section 124 of the Companies Act, 2013 and the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016, any equity shares whose dividends remain unclaimed for seven straight years will be transferred to the Investor Education and Protection Fund (IEPF) Account. The formal notice was published on May 31, 2025 in Financial Express (English) and Mumbai Lakshadeep (Marathi). Affected shareholders can later claim their shares back from IEPF by applying to the company along with required documents.
This is a routine regulatory notice and not expected to move the stock price. However, shareholders who have not claimed dividends since FY 2017-18 should act before September 11, 2025 to avoid their shares being moved to the IEPF Account.