Kothari Sugars And Chemicals Limited has informed the Exchange regarding 'Submission of Notice for attention of Equity Shareholders of the Company regarding transfer of Equity Shares to Investor Education and Protection Fund (IEPF) Account.'.
KOTARISUG · price
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Kothari Sugars and Chemicals has submitted a notice to the exchange regarding the upcoming transfer of certain equity shares to the IEPF Account. This is a regulatory requirement under the Companies Act, where shares of shareholders who have not claimed their dividends or remained incommunicado for seven consecutive years are moved to the IEPF. The notice serves as an alert to affected shareholders to take action before the transfer takes place. Shareholders can still claim their shares back from the IEPF by following the prescribed procedure after the transfer.
This is a routine compliance filing and not material to the stock price. Shareholders who have not updated their records or claimed dividends for several years should verify whether their shares are affected and act promptly to avoid losing them to the IEPF.