Hikal Limited has informed the Exchange about reminder letters sent to shareholders for transfer of shares to IEPF and subsequent advertisement in Newspaper
HIKAL · price
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Hikal Limited has sent reminder letters to shareholders whose shares are likely to be transferred to the Investor Education and Protection Fund (IEPF). Under Indian company law, shares of shareholders who have not claimed dividends for seven or more consecutive years are moved to the IEPF. The company has also published an advertisement in a newspaper, as required by regulations, to alert shareholders about this pending transfer. Shareholders who want to prevent their shares from being moved to IEPF need to claim their unpaid dividends before the transfer date. Once shares are transferred to IEPF, shareholders can still reclaim them by following a specified process, but it involves additional paperwork and effort.
This is a routine compliance announcement and not a material event affecting the stock price. Shareholders who have not claimed dividends for several years should act quickly by contacting the company's registrar to prevent transfer of their shares to IEPF.