GP Petroleums Limited has informed the Exchange regarding 'Intimation regarding second phase of 100 Days Campaign Saksham Niveshak '.
GULFPETRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GP Petroleums has launched the second phase of the IEPF's 'Saksham Niveshak' campaign to reach out to shareholders with unpaid or unclaimed dividends. The company has communicated with 602 shareholders regarding their unclaimed dividends from Financial Years 2018-19 and 2019-20. Shareholders are being asked to update their KYC details including PAN, bank account information, contact details, email ID, and nomination forms. The company has provided contact details for their Registrar and Transfer Agent (MUFG Intime India Private Limited) to facilitate claims. If dividends remain unclaimed for 7 consecutive years, the corresponding equity shares will be transferred to the IEPF as per statutory requirements.
This announcement has no direct impact on the company's financials or stock price. It is a regulatory compliance measure to prevent shareholder dilution by ensuring they can claim dividends and update KYC before shares are transferred to IEPF. Shareholders holding physical shares should update their details promptly to avoid losing their shares.