Grindwell Norton Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Launch of 100 Days Campaign titled Saksham Niveshak
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Grindwell Norton Limited is participating in the 'Saksham Niveshak' 100-day campaign launched by the Investor Education and Protection Fund Authority (IEPFA) and Ministry of Corporate Affairs to help shareholders claim unpaid or unclaimed dividends. The company has uploaded details of unclaimed and unpaid dividends for the past seven years on its website. Shareholders are being sent individual letters with their specific unclaimed dividend details and instructions to claim them via the company's Registrar and Transfer Agent, MUFG Intime India Private Limited. Shareholders who do not claim dividends for seven consecutive years risk having both the unpaid amounts and corresponding shares transferred to the IEPF, after which recovery becomes difficult. The campaign supplements the company's existing annual reminder efforts to shareholders.
This is a routine regulatory compliance disclosure with no material impact on the company's financials or stock price. Shareholders who hold unclaimed dividends should act promptly by contacting the RTA to avoid losing both the dividend amounts and their underlying shares to the IEPF after the seven-year period.