Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about Notice to shareholders of the Company regarding transfer of Shares to IEPF.
GNFC · price
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GNFC has informed the stock exchanges that it has published notices in newspapers (Business Standard - Ahmedabad edition and Loksatta-Jansatta - Vadodara edition) regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Account. This is a routine compliance filing under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016. Under these rules, shares whose dividends have remained unclaimed for seven consecutive years are moved to the IEPF. The notices are also available on the company's website www.gnfc.in.
Shareholders who have not claimed dividends or updated their details for the last 7 years should check if their shares are being moved to IEPF and take action to claim them. This is a routine annual compliance notice and is unlikely to have any material impact on the stock price.