Newspaper Notice for transfer of equity shares of the Company to IEPF on which dividend remain unclaimed/unpaid for continuous period of 7 years.
GRAUWEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Grauer & Weil (India) Limited has published a newspaper notice (in Free Press Journal and Navshakti on 6 June 2025) informing shareholders about the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF). Under Section 124 of the Companies Act, 2013, shares whose dividends have remained unclaimed for seven consecutive years will be moved to the IEPF. Specifically, the unpaid dividend declared for FY 2017-18 will be credited to the IEPF, and the corresponding shares will also be transferred. Shareholders have until September 2025 to claim their unpaid dividends and shares. Separate communications have been or will be sent to affected shareholders individually, and details are available on the company's website (www.growel.com). Both the unclaimed dividend and shares can be reclaimed from IEPF later by following the prescribed procedure.
This is a routine regulatory compliance disclosure with no direct impact on the stock price. Shareholders who have not claimed dividends since FY 2017-18 should act quickly — if they do not respond by September 2025, their shares will be permanently transferred to the IEPF, though they can still reclaim them later through a separate IEPF process.