Newspaper publication intimating transfer of shares to Investor Education and Protection Fund (IEPF)
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Forbes & Company Limited has informed BSE that it has sent reminder letters to shareholders and published a newspaper advertisement regarding the transfer of shares to the Investor Education and Protection Fund (IEPF). The publication appeared in The Financial Express (all editions) and Mumbai Lakshadeep (Marathi). This action is taken under Section 124(6) of the Companies Act, 2013 read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. It pertains to shares where dividends have remained unclaimed for seven consecutive years, starting from the unpaid dividend for the financial year 2017-18. Shareholders are advised to update their KYC and claim their shares/dividends before the transfer date to avoid losing ownership.
This is a routine regulatory compliance filing with no direct impact on the stock price. Shareholders who have not claimed dividends since FY 2017-18 risk losing their shares to the IEPF if no action is taken before the deadline.