EIMCOELECO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Eimco Elecon (India) Ltd has notified stock exchanges that it will transfer shares to the IEPF account for shareholders who have not claimed dividends for seven consecutive years (from FY 2018-19 onwards), in compliance with Section 124(6) of the Companies Act, 2013 and IEPF Authority Rules, 2016. The company has dispatched letters to affected shareholders (sample letter shared) giving them until 30th August, 2026 to claim outstanding dividends before shares are transferred. The example shareholder (AMIT ARYA, Folio 0010115) has 150 shares and unclaimed dividends totaling Rs. 5,175 across seven financial years. Shares and dividends can be reclaimed from IEPF Authority by filing e-Form No. IEPF-5.
This is a routine regulatory compliance filing. It does not impact the company's financial health but serves as a final reminder to shareholders with forgotten dividends to act before losing their shares to the government fund.