Eimco Elecon (India) Limited has informed the Exchange regarding 'Transfer of Equity Shares of the Company to the Investor Education and Protection Fund (IEPF) Account'.
EIMCOELECO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eimco Elecon (India) Limited has informed the stock exchanges about transferring shares of shareholders who have not claimed dividends for seven consecutive years to the IEPF Account, as required under Section 124(6) of the Companies Act, 2013. A sample letter dated 2nd June 2025 was sent to affected shareholders, including one shareholder holding 50 shares with unclaimed dividends from FY 2017-18 to FY 2023-24 totalling Rs. 1,725. Shareholders have been given until 31st August 2025 to claim their dividends, failing which the shares will be transferred to the IEPF Authority. Shareholders can later reclaim their shares by filing e-Form IEPF-5 with the IEPF Authority.
This is a routine regulatory compliance disclosure with no impact on promoter holdings, institutional investors, or the company's capital structure. The number of shares involved is minimal (50 shares for the sample shareholder) and does not affect the stock price or shareholder value materially.