Finolex Industries Limited has informed the Exchange about newspaper advertisement published in respect of the notice to shareholders of the Company regarding the transfer of Equity Shares and Unclaimed Dividend to the Investor Education and Protection Fund (IEPF) Authority
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Finolex Industries has published a newspaper notice informing shareholders that equity shares with unpaid or unclaimed dividends for seven consecutive years will be transferred to the Investor Education and Protection Fund (IEPF) Authority. The notice appeared in Financial Express (All India edition) and Loksatta (Pune edition) on August 5, 2025. The company has already sent individual letters to affected shareholders at their registered addresses, giving them until November 3, 2025 to claim their dividends. Full details of concerned shareholders, including folio numbers and unclaimed dividend amounts, are available on the company's website. After the deadline, shares along with any future benefits (like bonus shares) will be transferred to IEPF without further notice. Shareholders can later reclaim them from IEPF by filing Form IEPF-5 on the MCA website.
This is a routine regulatory compliance notice and is unlikely to move the stock price. However, shareholders who have not claimed dividends for 7+ years must act before November 3, 2025 to avoid losing their shares to the IEPF Authority. Once transferred, recovery requires a formal IEPF-5 application process.