Newspaper Publication on notice of transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority
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Awaiting price reaction for this filing.
Goodricke Group Limited has published newspaper advertisements (in Business Standard and Aajkal) notifying shareholders about the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016, shares for which dividends have remained unpaid or unclaimed for seven consecutive years will be transferred to IEPF. Unclaimed dividends from FY 2017-18 will be moved to IEPF within 30 days of the due date, along with corresponding shares. The company has already sent individual notices to affected shareholders, who have until 4th August 2025 to claim their dividends and prevent share transfer.
This is a routine regulatory compliance announcement. Only shareholders who have not claimed dividends for 7 or more consecutive years (FY 2017-18 onwards) are affected. Affected shareholders must act before 4th August 2025 to retain their shares, or claim them back later via e-Form IEPF-5. No material impact on the company's operations or stock price is expected.