Newspaper Advertisement with respect to transfer of unclaimed/unpaid dividend for FY 2017-2018 and the Equity Shares to IEPF.
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East West Freight Carriers Ltd has published a newspaper advertisement regarding the transfer of unclaimed or unpaid dividends from the financial year 2017-2018 to the Investor Education and Protection Fund (IEPF). Under Indian company law, dividends that remain unclaimed for seven years, along with the underlying equity shares, are required to be transferred to the IEPF. Shareholders who have not yet claimed their dividends for FY 2017-2018 are being put on notice through this advertisement.
Shareholders who have not claimed their dividends from FY 2017-2018 should act quickly by contacting the company or its registrar to claim their dues before the transfer to IEPF. Once transferred to IEPF, recovery becomes a longer and more cumbersome process for shareholders.