Elgi Equipments Limited has informed the Exchange about Copy of Newspaper Publication regarding the Launch of Saksham Niveshak Campaign Action Required for Unclaimed Dividends and KYC Updates.
ELGIEQUIP · price
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Elgi Equipments Limited has published a newspaper advertisement in The Business Line (English) and The Hindu Tamil about the launch of the 'Saksham Niveshak' Campaign, a 100-day special outreach initiative running from July 28, 2025 to November 6, 2025. The campaign, initiated per a letter from IEPFA and the Ministry of Corporate Affairs dated July 16, 2025, asks shareholders to update their KYC details including bank account information, nominee registration, and contact details (email, mobile, address). Shareholders with unclaimed or unpaid dividends from any financial year are urged to contact the company's Registrar and Transfer Agent, MUFG Intime India Private Limited, or use the SWAYAM portal. The company has warned that dividends remaining unclaimed for seven consecutive years, along with corresponding base shares, are liable to be transferred to the Investor Education and Protection Fund Authority (IEPFA).
This is a routine regulatory compliance filing with no direct impact on the stock price. Shareholders who have unclaimed dividends or outdated KYC records should act promptly during the campaign window to claim their money and prevent transfer of their dividends and shares to the government fund.