Info Edge (India) Limited has informed the Exchange about Newspaper Publication for Notice of Transfer of Equity Shares of the Company to Investor Education and Protection Fund
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Info Edge (India) Limited has notified the stock exchange about a newspaper advertisement it has published regarding the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF). As per Section 124 of the Companies Act, shares of shareholders who have not claimed their dividends for seven or more consecutive years are required to be transferred to the IEPF authority. This newspaper notice is a mandatory regulatory step to alert shareholders before the transfer takes place. Shareholders whose shares are being moved to IEPF can still reclaim them by filing an application with the IEPF authority once the transfer is completed.
This is a routine compliance filing and is unlikely to have a material impact on the stock price. However, shareholders of Info Edge with longstanding unclaimed dividends should check if their shares are on the transfer list and take timely action to claim them back from IEPF if desired.