Gujarat Industries Power Company Limited has informed the Exchange about Copy of Newspaper Publication
GIPCL · price
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Awaiting price reaction for this filing.
Gujarat Industries Power Company Limited (GIPCL) has published a notice in Financial Express (All India Edition) and Loksatta Jansatta (Vadodara Edition) on 06th May 2025, informing shareholders that their equity shares are liable to be transferred to the IEPF (Investor Education & Protection Fund) Suspense Account. This applies to shareholders who have not claimed dividends for seven consecutive years (FY 2017-18 to FY 2023-24). Individual letters were also sent by Speed Post to concerned shareholders on 05/06/2025. Shareholders have been given a deadline of 30/09/2025 to claim their unpaid dividends and prevent the transfer of shares to IEPF. Details of affected shareholders have been uploaded on the company's website (www.gipcl.com/transfer.aspx).
This is a routine regulatory compliance filing. Shareholders who haven't claimed dividends since FY 2017-18 must act before 30/09/2025 to prevent their shares from being transferred to the IEPF Suspense Account. Once transferred, shares can still be reclaimed from IEPF by filing E-Form IEPF-5, but the process is cumbersome. No direct impact on the stock price or majority of shareholders is expected.