Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that, pursuant to the provisions of Section 124(6) of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Auditing, Transfer and Refund) Rules, 2016, the Company has sent notices to the shareholders, who have not claimed / encashed their dividend for seven or more consecutive years. Copies of the notice sent to shareholders are attached herewith.
DIAMINESQ · price
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Diamines & Chemicals Limited has sent notices to shareholders who have not claimed or encashed their dividend for seven or more consecutive years. This action is taken under Section 124(6) of the Companies Act, 2013 and the IEPF Authority Rules, 2016. The company is required to transfer such unclaimed dividends to the Investor Education and Protection Fund (IEPF) if shareholders do not respond. This is a routine compliance filing and no new financial or strategic event is involved.
Shareholders with unclaimed dividends from 2018 or earlier should claim them soon to avoid the amount being transferred to the IEPF. No direct impact on the company's financials or stock price is expected from this notice.