Announced Thu, 18 Jun · 12:12 IST
HEG transferring shares to IEPF under Section 124(6)
Compliance View source PDF
HEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹546.00
prior close
₹540.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.2-0.2-0.2-2.0-1.7-2.6-3.9-4.8-5.3-0.1+8.6——
Up moveDown movePending
AI summary
HEG Limited has informed the exchange that it will transfer certain equity shares to the Investor Education and Protection Fund Authority. This is being done under Section 124(6) of the Companies Act, 2013, which applies to shares where dividends have remained unclaimed for seven or more consecutive years. Shareholders whose shares are being transferred can still reclaim them from IEPF by following the prescribed process and submitting the required documents.
Likely market impact
Shareholders with unclaimed dividends for 7 or more years risk losing their shares to IEPF. They can still reclaim them by applying to IEPF Authority.