Newspaper publication by Kansai Nerolac Paints Limited regarding transfer of shares to the Demat Account of Investor Education and Protection Fund Authority.
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Kansai Nerolac Paints has published a notice regarding the mandatory transfer of shares to the Investor Education and Protection Fund (IEPF) Authority. Under Section 124(6) of the Companies Act, 2013, the company is required to transfer shares where dividends have remained unclaimed for seven consecutive years or more. Individual communications have been sent to affected shareholders. The deadline to claim unpaid/unclaimed dividends and prevent share transfer is July 7, 2026. After transfer, shareholders can still recover both the shares and accumulated dividends from IEPF by following the prescribed refund procedure.
Shareholders with unclaimed dividends for 7+ years face potential loss of voting rights and dividend entitlements unless they act before the deadline. However, recovery remains possible through IEPF Authority after transfer.