Kothari Petrochemicals Limited has informed the Exchange about Copy of Newspaper advertisement for attention of Equity Shareholders of the Company regarding transfer of Equity Shares to Investor Education and Protection Fund (IEPF) Account.
KOTHARIPET · price
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Kothari Petrochemicals Limited has published a newspaper advertisement to notify its equity shareholders about the upcoming transfer of shares to the Investor Education and Protection Fund (IEPF) Account. Under SEBI/IEPF rules, equity shares of shareholders who have not claimed their dividends for seven consecutive years or more are required to be transferred to the IEPF. Shareholders whose names appear on the list can claim their shares back by following the prescribed procedure before the transfer is effected. The advertisement was issued in compliance with the Companies Act, 2013 and IEPF Authority rules.
This is a routine regulatory filing and not material to the stock price. Shareholders who have unclaimed dividends for 7+ years should check if their shares are on the transfer list and take timely action to reclaim them, or they will lose ownership of those shares to the IEPF.