We enclose herewith the following documents:1. Reminder Letter Specimen: A specimen of the reminder letter sent to the concerned shareholders whose dividend remains unpaid/ unclaimed for seven or more consecutive years and whose equity shares are liable to be transferred to the Investor Education and Protection Fund Authority ( IEPF ). This is pursuant to Section 124(6) of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time. 2. Newspaper Advertisement Copies: Copies of Newspaper advertisement published, regarding the IEPF transfer process, in Business Standard (English) and Loksatta (Marathi).This is for your information and records.
GREAVESCOT · price
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Awaiting price reaction for this filing.
Greaves Cotton has informed the stock exchanges about sending reminder letters to shareholders whose dividends have remained unpaid or unclaimed for seven or more consecutive years. Under Section 124(6) of the Companies Act, 2013, the equity shares of these shareholders are set to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The company has also published newspaper advertisements in Business Standard (English) and Loksatta (Marathi) to inform shareholders about this transfer process. This is a routine regulatory compliance filing and not a new corporate action. Shareholders who wish to claim their shares or dividends must act before the transfer date.
This is a standard compliance notice and is unlikely to have any direct impact on the stock price. However, shareholders who have not claimed dividends for 7 or more years should immediately contact the company or its registrar to prevent their shares from being transferred to IEPF.