Gujarat Ambuja Exports Limited has informed the Exchange about Copy of Newspaper Publication in respect of Transfer of Unclaimed Dividend and Shares to the Demat Account of IEPF Authority.
GAEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Ambuja Exports has submitted to the stock exchange a copy of a newspaper advertisement concerning the transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) Authority. Under Indian company law, dividends that remain unclaimed by shareholders for seven consecutive years, along with the shares linked to those dividends, must be moved to the IEPF. The newspaper notice is a mandatory step to alert shareholders before the transfer takes place. Shareholders who still hold these shares or are owed these dividends can claim them back by following the prescribed IEPF refund process.
No material impact on the company's financials or stock price — this is routine annual compliance under SEBI/Companies Act rules. Shareholders who have not claimed old dividends should act quickly to retrieve their money and shares before they are permanently transferred to IEPF.