Kanpur Plastipack Limited has informed the Exchange about Copy of Newspaper Publication-Transfer of Equity Shares to IEPF Suspense Account
KANPRPLA · price
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Kanpur Plastipack Limited has informed the exchanges about publishing a notice in Business Standard (Hindi and English) on 21st June 2025. The notice is directed at equity shareholders regarding the upcoming transfer of their shares to the Investor Education and Protection Fund (IEPF) Account. This action is taken under Section 124(6) of the Companies Act, 2013 read with the IEPF Authority Rules, 2016. Such transfers typically apply to shares where dividends have remained unclaimed by shareholders for seven or more consecutive years. The filing was made by Ankur Srivastava, the Company Secretary, and is a routine regulatory compliance disclosure under SEBI LODR Regulations, 2015.
This is a standard regulatory disclosure with no material impact on the stock price or company operations. Shareholders who have not claimed dividends for several years should review the notice and take action to claim their shares before the transfer takes place.