Honda India Power Products Limited has informed the Exchange about Copy of Newspaper Publication regarding transfer of shares to IEPF.
HONDAPOWER · price
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Honda India Power Products Limited has notified the stock exchange about a newspaper publication related to the transfer of shares to the Investor Education and Protection Fund (IEPF). Under Indian securities rules, shares whose dividends have remained unclaimed by shareholders for seven consecutive years are moved to the IEPF. The company has published this notice in newspapers to alert concerned shareholders before the transfer takes place. Shareholders who have not claimed their dividends for several years should review their holdings to see if they are affected.
This is a routine regulatory compliance disclosure and is unlikely to impact the stock price. Shareholders with unclaimed dividends for 7+ years should act quickly to claim their shares by submitting the required documents to the company, or their shares will be permanently transferred to the IEPF.