KECNSEKEC International Limited· Transmission TowersMediumNeutral
Announced Wed, 27 May · 10:52 IST

KEC International Limited has informed the Exchange about Notice to the shareholders intimating proposed transfer of equity shares of the Company to the Investor Education and Protection Fund Account.

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KEC · price

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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹499.95
prior close
₹505.65
base price
In-mkt
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AI summary

KEC International has issued a notice informing shareholders about the mandatory transfer of unclaimed equity shares to the IEPF (Investor Education and Protection Fund). Under Section 124 of the Companies Act, the company must transfer shares of shareholders who have not claimed dividends for 7 consecutive years or more. Affected shareholders have unclaimed dividends from FY 2018-19 onwards. The deadline to claim dividends and retain shares is August 28, 2026. The company has published notices in Business Standard, Free Press Journal, and Navshakti newspapers, and sent individual reminders to affected shareholders. Shareholders must submit claims to the RTA, MUFG Intime India Private Limited, along with KYC documents including PAN card and address proof.

Likely market impact

Shareholders who fail to claim dividends by August 28, 2026 will have their shares transferred to the government IEPF account, after which claims can only be made directly to the IEPF Authority through a separate process. This is a routine compliance requirement with no direct impact on the company's stock or financials.