Jindal Drilling And Industries Limited has informed the Exchange about Copy of Newspaper Publication and Sample Letter sent to shareholders regarding Transfer of Shares to IEPF.
JINDRILL · price
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Awaiting price reaction for this filing.
Jindal Drilling and Industries Limited has informed the stock exchanges about a newspaper advertisement and sample reminder letters sent to shareholders whose shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The action applies to shareholders who have not claimed their dividend for seven consecutive years, in line with Section 124(6) of the Companies Act, 2013 and the IEPF Authority Rules, 2016. The advertisement was published in Financial Express (English) and Mumbai Lakshdeep (Marathi) on June 11, 2025. Affected shareholders have been notified individually by registered post and have until October 15, 2025, to claim the unpaid dividend for FY 2017-18 to prevent the transfer of their shares to IEPF.
This is a routine regulatory compliance filing and is not expected to materially impact the stock price. However, shareholders who have not claimed dividends for seven or more years should act before October 15, 2025, to avoid having their shares transferred to the IEPF Authority.