Regarding reminder letter sent to Shareholders pertaining to transfer of Equity Shares to IEPF Authority.
GIPCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Industries Power Company Ltd has sent reminder letters to shareholders whose dividends remain unclaimed for seven consecutive years (FY 2018-19 to FY 2024-25). The company is required under Section 124(6) of the Companies Act, 2013 to transfer such shares to the Investor Education and Protection Fund (IEPF) Suspense Account. The reminder includes details of unclaimed dividend amounts ranging from Rs. 250 to Rs. 409 per year. Shareholders have until September 30, 2026 to claim the unpaid dividends before shares are transferred to IEPF Authority on October 20, 2026.
This is a routine regulatory compliance filing. Affected shareholders risk losing beneficial ownership of their shares if they fail to claim outstanding dividends by the deadline. The transfer does not directly impact the company's financials or stock price.