Kitex Garments Limited has informed the Exchange about Copy of Newspaper Notice to shareholders intimating transfer of shares to IEPF
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Kitex Garments Limited has issued a newspaper notice (published in The Hindu Businessline and Chandrika on May 21, 2025) informing shareholders that the unclaimed final dividend for FY 2017-18 will be transferred to the Investor Education and Protection Fund (IEPF) within 30 days after the due date of September 1, 2025. Shareholders who have not claimed the FY 2017-18 dividend for seven consecutive years will also have their corresponding equity shares transferred to IEPF. The company has individually contacted concerned shareholders and posted the details on its website. Shareholders must claim their dividends by July 31, 2025, after which the transfer will proceed without further notice.
This is a routine regulatory notice and does not impact the company's operations or financials. Shareholders with unclaimed dividends from FY 2017-18 should act quickly (before July 31, 2025) to claim their dues and prevent their shares from being transferred to the IEPF, from where recovery is more cumbersome.