Igarashi Motors India Limited has informed the Exchange about Copy of Newspaper Publication
IGARASHI · price
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Awaiting price reaction for this filing.
Igarashi Motors India Limited has published a notice in Business Standard (English) and The Hindu (Tamil) informing shareholders about the transfer of unclaimed Final Dividend for FY 2017-18 and Fractional Bonus Shares Amount for FY 2018-19 to the Investor Education and Protection Fund (IEPF). This action is being taken as required under Section 124(6) of the Companies Act, 2013, since these amounts and corresponding shares have remained unclaimed for seven consecutive years. The company has already sent individual notices to the concerned shareholders. The notice has also been uploaded to the company's website and stock exchange websites. This filing is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Shareholders who have not claimed their FY 2017-18 final dividend or FY 2018-19 fractional bonus shares should act quickly to claim them before they are permanently transferred to the IEPF. Once transferred, shares can still be reclaimed by following the IEPF refund process, but it involves additional paperwork. This is a routine compliance action and is unlikely to materially affect the stock price.