HEG Limited has informed the Exchange regarding 'Intimation with respect to transfer of equity shares under Section 124(6) of the Companies Act, 2013 to the Investor Education and Protection Fund (IEPF) Authority '.
HEG · price
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HEG Limited has informed the stock exchanges that equity shares belonging to shareholders who have not claimed dividends for seven consecutive years will be transferred to the Investor Education and Protection Fund (IEPF) Authority, as required under Section 124(6) of the Companies Act, 2013. The unclaimed dividends relate to eight financial years from FY 2017-18 (Final) through FY 2023-24, with the 2017-18 Final dividend due for transfer on 23rd August 2025. Shareholders holding such shares have been notified individually, and a list of affected folios and DP-Client IDs is available on the company's website. Affected shareholders can still claim their dividends and shares by submitting the required documents (PAN, address proof, bank details) before 23rd August 2025 to avoid the transfer. Once transferred, the shares can be reclaimed from the IEPF Authority, but voting rights on those shares will remain frozen in the meantime.
This is a routine regulatory compliance filing and is not expected to materially affect the stock price. It only impacts shareholders who have not claimed dividends for seven or more consecutive years; their shares will move to the IEPF Authority but remain reclaimable. Active and up-to-date shareholders need not take any action.