Indo-National Limited has informed the Exchange about Copy of Newspaper Publication for Transfer of Shares to demat account of Investor Education and Protection Fund authority
NIPPOBATRY · price
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Awaiting price reaction for this filing.
Indo-National Limited has published notices in Trinity Mirror (English) and Makkal Kural (Tamil) newspapers on July 2, 2025, informing shareholders about an upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF) Suspense Account. The transfer applies to shareholders who have not claimed dividends for seven consecutive years or more, with the first batch covering unclaimed dividends declared from FY2017-18 onwards. The company has individually contacted affected shareholders and also uploaded the list on its website (www.nippo.in). If shareholders do not claim their dividends, the underlying shares will be moved to the IEPF Suspense Account by October 10, 2025. Shareholders can still recover both their unclaimed dividends and shares by applying to the IEPF Authority through the prescribed procedure, even after the transfer. The filing is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
This is a routine regulatory compliance action and not a corporate financial event — minimal impact on the stock price. However, shareholders who have not claimed their dividends since 2017-18 must act before October 10, 2025 to avoid losing their shares to the IEPF, though they can still reclaim them later through the IEPF Authority.