Grindwell Norton Limited has informed the Exchange about Notice to Shareholder(s) - Unclaimed dividend and equity shares liable to be transferred toInvestor Education and Protection Fund (IEPF) Authority for the financial year 2017-18
GRINDWELL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Grindwell Norton Limited has informed the stock exchanges that it is sending reminders to shareholders who have not claimed their dividends for seven or more consecutive years. These shareholders' unclaimed dividends and corresponding equity shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The company has published newspaper advertisements in Financial Express (English) and Loksatta (Marathi) and dispatched individual reminder letters, as required under Section 124(6) of the Companies Act, 2013. The last date for shareholders to claim their unpaid dividends is September 5, 2025, after which the shares and dividends will be moved to IEPF. MUFG Intime India Private Limited is acting as the Registrar and Transfer Agent (RTA) for processing these claims.
This is a routine regulatory compliance filing and does not directly impact the stock price. However, shareholders who have not claimed dividends since FY 2017-18 or earlier risk losing both their unclaimed dividends and underlying shares to the IEPF Authority if they do not act before the September 5, 2025 deadline. Affected shareholders should contact the company's RTA (MUFG Intime India) to update KYC and claim their dues.