Elecon Engineering Company Limited has informed the Exchange regarding 'Intimation to shareholders relating to Transfer of Equity Shares to the Investor Education and Protection Fund (IEPF) Account'.
ELECON · price
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Elecon Engineering has informed stock exchanges that it is sending letters to shareholders whose dividends have remained unclaimed for seven consecutive years, starting from FY 2017-2018. As per Section 124(6) of the Companies Act, 2013 and IEPF Rules 2016, shares of such shareholders are liable to be transferred to the Investor Education and Protection Fund (IEPF) Account. Affected shareholders have been asked to claim their unpaid dividends on or before 15th October 2025, failing which their shares will be moved to the IEPF. Shareholders who have already had or will have shares transferred can reclaim them by filing e-Form IEPF-5 with the IEPF Authority. The company has directed shareholders to contact its registrar MUFG Intime India Private Limited (formerly Link Intime) for any clarifications.
This is a routine regulatory compliance disclosure and not a material business event. For affected shareholders, there is a hard deadline of 15th October 2025 to claim dividends and avoid losing their shares to the IEPF. The transfer itself has no direct impact on the company's financials or stock price.