Hisar Metal Industries Limited has informed the Exchange about Copy of Newspaper Publication for Transfer of Equity Shares of the Company to the Demat Account of Investor Education and Protection Fund (IEPF) Authority
HISARMETAL · price
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Hisar Metal Industries has informed the exchanges about newspaper notices published on July 8, 2025 in The Financial Express (English) and Jansatta (Hindi) regarding the transfer of equity shares to the IEPF Authority's demat account. Under Section 124(6) of the Companies Act, 2013, shares of shareholders who have not claimed dividends for seven consecutive years will be moved to the IEPF. The company has individually contacted affected shareholders and uploaded details on its website (www.hisarmetal.com). Shareholders have until October 27, 2025 to claim unclaimed dividends from FY 2017-18 onwards, after which their shares will be transferred. For physical shares, the company will issue duplicate certificates, and for demat shares, it will instruct depositories via corporate action.
This is a routine regulatory compliance announcement and a reminder for shareholders with unclaimed dividends to act quickly. Shareholders who don't claim by the deadline risk losing their shares to the IEPF, though they can later reclaim both the shares and dividends by following the prescribed procedure. No direct impact on the stock price is expected.