EIMCOELECOBSEEimco Elecon (India) LtdMinimalNeutral
Announced Wed, 13 May · 16:29 IST

Kindly refer the attachment

EIMCOELECO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹1600.00
prior close
₹1587.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8-0.1+0.2-0.7-1.5-1.9-0.6+1.3+2.4-0.8-3.9+0.3+10.3
Up moveDown movePending
AI summary

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.

Likely market impact

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.