Newspaper advertisement issued pursuant to Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and sample reminder letter sent to Shareholders
JYOTHYLAB · price
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Awaiting price reaction for this filing.
Jyothy Labs has published a notice in Financial Express (English) and Loksatta (Marathi) on April 29, 2025, informing shareholders about the upcoming transfer of unclaimed shares and dividends to the Investor Education and Protection Fund (IEPF) Authority. This action is being taken under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016, for shareholders who have not claimed dividends for seven consecutive years starting from FY 2017-18. Reminder letters have been sent to 909 affected shareholders, asking them to claim their dividends by August 27, 2025. If no action is taken, the shares will be transferred to the IEPF Authority's Demat Account by September 26, 2025.
This is a routine regulatory compliance filing with no direct impact on the company's operations or financials. Shareholders who have unclaimed dividends should act before August 27, 2025 to avoid having their shares permanently transferred to the IEPF Authority, from where recovery is a longer process via Form IEPF-5.