Kalpataru Projects International Limited has informed the Exchange about Copy of Newspaper Advertisement for Transfer of Equity Shares to Investor Education and ProtectionFund Authority
KPIL · price
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Kalpataru Projects International Limited has submitted to the exchanges a copy of newspaper advertisements published on 6th June 2025 in the Economic Times (English) and Jai Hind (Gujarati), notifying shareholders about the upcoming transfer of their equity shares to the Investor Education and Protection Fund (IEPF) Authority. The transfer applies to shareholders who have not claimed dividends for seven consecutive years, in line with IEPF Rules 2016 and Section 124(6) of the Companies Act, 2013. The company has already transferred shares relating to FY 2016-17 and earlier, and is now communicating with shareholders (including those of the erstwhile JMC Projects, now amalgamated with KPIL) whose shares are due for transfer in FY 2025-26. Shareholders must respond by 8th September 2025 (KPIL) or 9th September 2025 (erstwhile JMC Projects), failing which shares will be dematerialised and transferred to IEPF by way of corporate action. The company's Registrar and Transfer Agent, MUFG Intime India Pvt. Ltd., has been appointed to handle claims and clarifications.
This is a routine regulatory compliance disclosure and does not directly impact the stock price. Shareholders with unclaimed dividends for seven or more years should act promptly to avoid having their shares transferred to the IEPF Authority, from which recovery is possible but involves a longer process.