Genus Power Infrastructures Limited has informed the Exchange regarding 'Issuance Of Letter To The Shareholders In Respect Of Shares,Liable To Transfer To The IEPF Authority'.
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Genus Power Infrastructures has sent letters to shareholders whose dividends have remained unpaid or unclaimed for seven or more consecutive financial years, from FY 2017-18 to FY 2023-24. Under Section 124(6) of the Companies Act, 2013, shares linked to such unclaimed dividends must be transferred to the Investor Education and Protection Fund (IEPF) Authority. Affected shareholders have been given a deadline of October 22, 2025 to claim their dividends and prevent the transfer. Unclaimed dividends up to FY 2016-17 have already been moved to the IEPF. Shareholders can later reclaim their shares and dividends from the IEPF Authority by following the prescribed procedure.
This is a routine regulatory compliance action and does not affect the company's operations or financial position. For individual shareholders named in the notice, failure to act before October 22, 2025 will result in the compulsory transfer of their shares to the IEPF Authority, though they retain the right to reclaim them later.