we are enclosing herewith sample letter dispatched to shareholders who have not claimed their divided seven or more consecutive years and whose shares are liable to transfer to IEPF demat account.
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ITL Industries Ltd (BSE: 522183) has filed a compliance announcement under SEBI (LODR) Regulation 30, enclosing reminder letters sent to shareholders who have not claimed dividends for seven or more consecutive years. The letters are issued in compliance with Rule 6(3) of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The reminders cover unclaimed dividends from FY 2018-19 through FY 2024-25, with amounts ranging from ₹50 to ₹100 per year per shareholder folio. Shareholders are being given an opportunity to claim their unpaid dividends before the company initiates the mandatory transfer of their resultant shares to the IEPF demat account.
Shareholders who do not claim their outstanding dividends by the deadline (October 30, 2026) will lose their shares, which will be transferred to IEPF. No claim can lie against the company post-transfer. This is a routine regulatory compliance and does not signal any financial distress or impact on the company's fundamentals.