Announcement under Regulation 30 (LODR)-Newspaper Publications.
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K G Denim Limited has submitted copies of newspaper advertisements to BSE under SEBI Regulation 47(1). The notice, published in The Financial Express (English) and Malai Murasu (Tamil), informs shareholders that unclaimed dividends for FY 2017-18 along with corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority as per IEPF Rules 2016. Under these rules, shares whose dividends remain unclaimed for 7 consecutive years are liable to be transferred to IEPF. The company has already individually contacted concerned shareholders and uploaded shareholding details on its website (www.kgdenim.in). Shareholders can reclaim shares from IEPF by filing Form IEPF-5 through the prescribed procedure.
This is a routine regulatory disclosure with no material impact on stock price. However, shareholders with unclaimed dividends since FY 2017-18 should act promptly to claim their dividends, otherwise their shares will be transferred to IEPF, making recovery more complex and time-consuming.