Submission of Public Notices to the Shareholders of the Company in respect of transfer of equity shares of the Company to Investor Education and Protection Fund (IEPF) Account
INDIANHUME · price
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Indian Hume Pipe Company has issued a public notice to shareholders informing them about the upcoming transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Account. This typically involves shares where dividends have remained unclaimed by shareholders for an extended period (generally seven consecutive years). The company is complying with Section 124 of the Companies Act, 2013, and the IEPF Rules by publishing this notice. Shareholders whose shares are being moved to IEPF can still reclaim them by submitting the required documents to the company. The notice serves as a final reminder before the actual transfer takes place.
Shareholders who have not claimed dividends for several years risk losing ownership of their shares, though they can still recover them by applying to the company with proper documentation. This is a routine regulatory compliance step and is unlikely to affect the stock price.