Kothari Products Limited has informed the Exchange regarding 'COPIES OF NOTICE OF TRANSFER OF SHARES'.
KOTHARIPRO · price
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Awaiting price reaction for this filing.
Kothari Products Limited has informed the stock exchanges that it published newspaper notices on May 2, 2025 regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Demat Account. This action is taken under Section 124(6) of the Companies Act, 2013 read with the IEPF Authority Rules, 2016, and applies to shareholders who have not claimed their dividends for seven or more consecutive years (relating to unpaid dividends from FY 2015-16 onwards). The notices were published in Hindustan (Hindi, Kanpur edition) and Business Standard (English editions across Lucknow, Ahmedabad, Bengaluru, Chandigarh, Hyderabad, New Delhi, Mumbai, and Chennai). Shareholders still have an opportunity to claim their shares by submitting the required documents to the Company or its Registrar before the transfer takes place, after which original share certificates will stand cancelled and shares will be moved to the IEPF demat account.
This is a routine regulatory compliance filing and is unlikely to impact the stock price. However, shareholders of Kothari Products who have unclaimed dividends from FY 2015-16 onwards risk losing their shares to the IEPF if they do not act before the transfer deadline.