EID Parry India Limited has informed the Exchange regarding a press release dated Jun 14, 2025, titled "Newspaper Advertisement - IEPF".
EIDPARRY · price
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Awaiting price reaction for this filing.
EID Parry India Limited has published newspaper advertisements in Business Standard (English) and Dinamani (Tamil) on June 14, 2025, informing shareholders about the proposed transfer of certain equity shares to the Investor Education and Protection Fund (IEPF). This action is being taken under Section 124(6) of the Companies Act, 2013, which applies to shares whose dividends have remained unclaimed by shareholders for seven consecutive years or more. The company has submitted copies of the advertisements to the stock exchanges as required under SEBI's Listing Regulations. Shareholders whose shares are due for transfer are being given a final opportunity to claim their shares and unclaimed dividends before the transfer takes place.
This is a routine regulatory compliance filing, not a new corporate development. Shareholders who have not claimed their dividends for 7 or more years should verify whether their shares are slated for transfer and take immediate action to claim them, as shares transferred to IEPF can be reclaimed later only through a longer, more cumbersome process. No direct impact on the stock price is expected.