Newspaper Publication for transfer of Equity Shares of the Company to Investor Education and Protection Fund Authority
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Kamadgiri Fashion Ltd has published a newspaper notice regarding the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Authority. This is a regulatory requirement under the Companies Act, typically covering shares belonging to shareholders who have not claimed their dividends or shares for an extended period (usually seven consecutive years). The notice informs concerned shareholders about the impending transfer and provides them an opportunity to claim their shares before the transfer is executed. No specific number of shares or affected shareholders has been disclosed in the headline.
This is a routine compliance announcement and is unlikely to have any material impact on the stock price. Shareholders who have not encashed dividends for several years should check if their shares are part of this transfer and take action to claim them before the deadline, as recovery from IEPF is a lengthy process.