Emami Paper Mills Limited has informed the Exchange about intimation sent to concerned shareholders regarding transfer of shares to the IEPF Authority in respect of which dividends have remained unclaimed/unpaid for a period of 7 (seven) consecutive years.
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Emami Paper Mills has informed the stock exchange that it is sending intimation letters to shareholders whose dividends have remained unclaimed or unpaid for seven consecutive years. As per the Companies Act, 2013, shares belonging to such shareholders are required to be transferred to the Investor Education and Protection Fund (IEPF) Authority. This is a routine annual compliance process to identify and move dormant shareholder accounts. Shareholders can still claim their shares back from IEPF by following the prescribed procedure within the allowed timeframe.
This is a routine regulatory filing and does not directly affect the company's operations or stock price. Shareholders who have not claimed dividends for 7 years should check their records and take action to prevent their shares from being transferred to IEPF.