Garware Hi-Tech Films Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.
GRWRHITECH · price
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Garware Hi-Tech Films has informed the stock exchanges that it is sending letters to shareholders who have not claimed their dividends for seven consecutive years, starting from FY 2017-18. As per Section 124(6) of the Companies Act, 2013, the unclaimed dividend along with the corresponding shares will be transferred to the Investor Education and Protection Fund (IEPF). Shareholders have until November 02, 2025 to claim their unpaid dividend for FY 2017-18, failing which both the dividend amount and the related shares will be moved to IEPF. Earlier unclaimed dividends (prior to FY 2017-18) and their corresponding shares have already been transferred to IEPF. Shareholders can later recover their shares from IEPF by filing e-form IEPF-5.
This is a routine regulatory compliance communication and does not directly impact the stock price. Shareholders holding Garware Hi-Tech Films shares who have not claimed dividends since FY 2017-18 should act before November 02, 2025 to avoid having their shares transferred to IEPF, which makes the recovery process longer and more cumbersome.