Gujarat Gas Limited has informed the Exchange about Reminder letters sent to identified shareholders for claiming dividend/shares, in order to avoid transfer of shares to Investor Education and Protection Fund (IEPF) Authority.
GUJGASLTD · price
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Gujarat Gas Limited has sent reminder letters to identified shareholders who have not claimed their dividends for seven consecutive years (from FY 2017-18 onwards). This is a routine regulatory action under Section 124(6) of the Companies Act, 2013, aimed at preventing the compulsory transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) Authority. The company also published newspaper advertisements in Financial Express (English and Gujarati editions) on 26th June 2025 to spread awareness. Affected shareholders have until 15th September 2025 to submit their claim documents to KFin Technologies, the company's Registrar and Transfer Agent. Shareholders who fail to act by the deadline will have both their dividend amounts and shares transferred to the IEPF Authority, after which they can only reclaim them by filing Form IEPF-5.
This is a standard compliance disclosure with no material impact on the company's operations or the broader stock price. It only affects specific shareholders who have not claimed dividends for seven years — they risk losing their shares if they do not respond by 15th September 2025.