FORCE MOTORS LTD has informed the Exchange about General Updates
FORCEMOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Force Motors Ltd has informed the exchanges that it has completed dispatching intimation letters to shareholders whose shares are liable to be transferred to the IEPF Authority's DEMAT account. The company has also published newspaper advertisements in Financial Express (English) and Loksatta (Marathi) regarding this transfer. Under Section 124(6) of the Companies Act, 2013, equity shares of shareholders who have not claimed dividends for seven consecutive years (from FY 2017-18 onwards) will be moved to the IEPF Authority. Shareholders have until 30th September 2025 to claim their unpaid dividends, after which the shares will be transferred automatically without further notice. Shareholders can reclaim their shares later by filing Web Form IEPF-5.
This is a routine regulatory compliance action and does not affect the company's operations or financial performance. Shareholders with unclaimed dividends from FY 2017-18 to FY 2023-24 should act before 30th September 2025 to avoid losing their shares to the IEPF Authority. No material impact on stock price is expected.