Enclosed Newspaper Advertisement in relation to Notice to Shareholder for transfer of shares to IEPF
Awaiting price reaction for this filing.
Newgen Software Technologies has published a newspaper advertisement (in Business Standard and Jansatta on 31st May 2025) informing shareholders about the upcoming transfer of shares to the IEPF. Under Section 124 of the Companies Act, 2013, shares linked to dividends that have remained unpaid or unclaimed for seven straight years must be moved to the IEPF. This notice specifically targets shareholders who did not encash the final dividend for FY 2017-18. Affected shareholders must submit the required documents to the company's Registrar and Transfer Agent (KFin Technologies Limited) on or before 1st September 2025, after which their shares will be transferred to the IEPF without further notice. Shareholders can still reclaim their shares and dividends from the IEPF Authority after the transfer.
This is a routine regulatory compliance filing and is unlikely to have any material impact on the stock price. Shareholders with unclaimed dividends from FY 2017-18 should act before the 1st September 2025 deadline to avoid having their shares transferred to the government-run IEPF.