Dixon Technologies (India) Limited has informed the Exchange about Newspaper Advertisement regarding Notice to the Shareholders for transfer of unclaimed dividend/ equity shares of the Company into Investor Education and Protection Fund Authority ("IEPF Authority")
DIXON · price
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Dixon Technologies has published a newspaper advertisement notifying shareholders that unclaimed dividends and corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority. This is a routine regulatory compliance action under the Companies Act, 2013, requiring companies to move funds and shares that have been unclaimed for 7 consecutive years to IEPF. Shareholders whose shares or dividends are at risk of transfer have been urged to claim them before the deadline by updating their KYC details and contacting the company's Registrar and Share Transfer Agent. The advertisement is part of the mandatory communication process before the actual transfer takes place.
Shareholders who have not claimed old dividends or are holding shares without updated records risk losing their shares to IEPF. This is a compliance-driven announcement and is unlikely to have a material effect on the stock price.