Reminder letter has been dispatched to the shareholders who have not claimed their dividend for seven or more conssecutive years.
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Fluidomat Ltd has sent reminder letters to shareholders with unclaimed dividends for seven or more consecutive years, warning them that their shares will be transferred to the IEPF demat account. The company has identified shareholders whose dividends remain unpaid from FY 2018-19 onwards. The deadline for shareholders to claim unpaid dividends and prevent share transfer is October 25, 2026. After this date, shares will be transferred to IEPF without further notice. One example shareholder (Folio 802021) has 100 shares with total unclaimed dividends of ₹2,850 across 7 financial years. After transfer to IEPF, no claim shall lie against the company, though shares can later be claimed from the IEPF Authority through Form IEPF-5.
This is a routine regulatory compliance action that has minimal direct impact on Fluidomat's stock price. Affected shareholders face dilution of their holdings unless they claim unpaid dividends before the deadline. The transfer increases IEPF holdings in the company.